DC & Auto-enrolmentRSS

Widows switches into ESG fund as integration becomes standard

Scottish Widows has aligned a chunk of its pension portfolios with the transition to a low-carbon economy, as the integration of environmental, social and governance factors emerges as a competitive driver in the commercial defined contribution sector.

TPR conducts internal review after Norton case

News On the Go

On the go: The Pensions Regulator is conducting an internal review to identify if there are lessons to be learnt after the Norton Motorcycles debacle, a case that left members looking to recoup losses in excess of £14m.

Govt unable to assess level of opt-outs during Covid

News On the Go

On the go: The government has claimed it is unable to determine whether opt-outs from auto-enrolled pensions have increased since the Covid-19 pandemic, the minister for pensions and financial inclusion has said.

Providers urged to prepare comms for Covid squeeze

Savers underestimate the impact that the coronavirus crisis could have on their financial wellbeing, according to a new survey, leading to calls for providers to communicate reassuringly with the minority of members that engage in times of stress.

PLSA framework to help savers navigate ‘confusing’ freedoms

News On the Go

On the go: The Pensions and Lifetime Savings Association has proposed a new regulatory regime that will require schemes to support savers when making decisions about how to access their pensions.

Nest unveils net-zero investment strategy

News On the Go

On the go: Master trust Nest has introduced a climate change policy with the aim of achieving carbon neutrality across its investment portfolio.

Retirees deserting good value master trusts for lack of advice

Workers are ditching a widening range of retirement options offered by workplace defined contribution schemes for expensive retail products.

Financial illiteracy and poor support plague concerned savers

Apathy from pension providers and regulators is allowing millions of savers to sleepwalk into retirement traps, according to the findings of a series of reports into poor levels of financial education and literacy.

Small pension pots put AE success at risk

Research released by the Pensions Policy Institute warns that the proliferation of small pension pots risks undermining auto-enrolment success, unless significant government intervention is undertaken.

Govt outlines solutions for pensions net pay anomaly

The government is seeking industry views on how to end the net pay anomaly affecting low-paid earners in the pensions tax relief system.