DC & Auto-enrolmentRSS

Why do savers continue to misunderstand their pensions?


Analysis: The pensions industry spends extensively on member communications, but 48 per cent of employees do not know how much their employer is paying into their pension, according to a survey by The People’s Pension.

FCA bans third-party dashboard consumer charges

Mykhailo Polenok/Dreamstime

The Financial Conduct Authority will prohibit third parties from charging customers for services linked to pensions dashboards as part of its regulatory framework for the initiative.

One third of self-employed trial Nest members have ‘zero pots’

News on the go

On the go: Around a third of self-employed Nest members in a Nest Insight savings trial have never made a contribution to their pension pot.

Nest plans boardroom overhaul in diversity drive

Brendan McCafferty

Nest is recruiting for three new non-executive directors as it attempts to improve the diversity of its board, the master trust’s chair has told Pensions Expert.

Value over cost emphasised in new DC illiquid investment guides

News on the go

On the go: Defined contribution scheme trustees are being encouraged to shift their focus on illiquid investments from cost to value, in a series of guides published by the Productive Finance Working Group.

TPR threatens £50,000 fines for dashboards non-compliance

Pensions dashboard (teaser)

The Pensions Regulator will impose fines of up to £50,000 for non-compliance over pensions dashboards. 

Pension savers lose £1.7bn on retirement transition

News on the go

On the go: Workplace pension scheme members are losing around £1.7bn a year during their transition into and in retirement, according to new research from master trust HSBC Tomorrow.

Providers called to improve DC decumulation digital tools

News on the go

On the go: Providers of defined contribution schemes need to “vastly improve” their digital offers so members can make the right choices in decumulation, warns Hymans Robertson.

Accreditation scheme launched to tackle lagging switching times

News on the go

On the go: A new accreditation scheme has been launched to tackle the amount of time it takes to switch savings, investments and pensions between providers.

Pension comms: A journey from disclosure to engagement

Midnight Studio/iStock

CPD: Sackers senior counsel Naomi Brown looks back at how the world of pension communications has morphed from a straightforward box-ticking disclosure exercise to one where trustees are communicating with members in a completely different way.