Professional trustees charged with rescuing three pension schemes that flouted investment rules say selling out of prohibited assets may thwart their efforts to recoup more than £14m owed to members.
DC & Auto-enrolment
DC trustees eye master trusts for decumulation options
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November 19, 2019
Data crunch: Trustee reluctance to offer in-house drawdown means single-employer defined contribution schemes may look to partner with a master trust to offer decumulation products to members, new analysis shows.
More action needed to help self-employed women
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November 19, 2019
Analysis: Reform should be pushed up the agenda to support self-employed women and reduce the biggest challenges of the gender gap, experts say.
Master trusts cut prices to reach new authorisation targets
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November 12, 2019
On the go: Master trusts are cutting prices by as much as 20 per cent to build up new business following authorisation from the Pensions Regulator, a consultancy firm has flagged.
One in four employees fails to review their pension
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November 11, 2019
On the go: Employees’ lack of engagement with later-life finances remains a major issue, with one in four never even reviewing their pension. This lack of preparation is impacting lifestyle choices, with a quarter of employees now expecting to work in retirement.
Will Generation X be the most vulnerable at retirement?
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November 8, 2019
On the go: Thirteen million people born between 1966 and 1980, the so-called Generation X, will face acute problems as they come up to retirement in the next 12 to 28 years unless decisive action is taken, according to the Pensions Policy Institute.
Authorisation sees master trust market shrink to 37 providers
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November 6, 2019
On the go: A final total of 37 master trusts have received authorisation from the Pensions Regulator, with the FCA Pension Plan and Salvus Master Trust the last to get the go-ahead on Tuesday.
Workers must save quarter of income for ‘moderate’ retirement lifestyle
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October 30, 2019
On the go: UK savers need to save at least £800 a month to achieve the moderate living standard outlined by the Pensions and Lifetime Savings Association, research by the Institute and Faculty of Actuaries has found.
Master trusts welcome CDC in decumulation
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October 29, 2019
Several master trusts would welcome the ability to offer a collective defined contribution solution for their members in decumulation, after the government hinted at such a possibility.
Regulator’s AE report: Work still to do despite policy success
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October 28, 2019
A transformation in levels of workplace pension scheme participation following automatic enrolment has been applauded by experts, but engagement and average contributions remain low.