DC & Auto-enrolmentRSS

TPR urges trustees to work flexibly with administrators

News On the Go

On the go: The Pensions Regulator has updated its Covid-19 guidance for trustees, highlighting that the pandemic “is placing huge pressures on the administration of pension schemes”.

The People’s Pension introduces ‘criticised’ annual charge

The second-largest master trust in the UK is changing its charging structure and introducing an annual fixed fee, a model that other providers operate but which has been heavily criticised by experts.

Smarterly acquires Salvus Master Trust

News On the Go

On the go: Fintech savings provider Smarterly has acquired Salvus Master Trust for an undisclosed sum, the first deal to occur in the sector after the introduction of the authorisation regime.

Regulators warn over Covid-19 pension scams

News On the Go

On the go: Regulators have issued a warning that rising levels of vulnerability caused by the Covid-19 lockdown could see more savers targeted by scammers, as concerns about finances increase.

Govt revokes general levy increase

News On the Go

On the go: The government has revoked the new regulations on the general levy, which would see an increase for pension schemes of 10 per cent, due to the Covid-19 crisis.

TPR paves way for three-month DB contribution holiday

Coronavirus mask (teaser)

The Pensions Regulator has launched new guidance aimed at helping employers freeze their defined benefit obligations for three months in response to the economic fallout from coronavirus.

Covid-19: Disruption for DC schemes; social impact woes

While defined contribution trustees are being warned they could be facing more disruption than just investment volatility, institutional investors are calling on companies to mitigate the coronavirus social impact. At the same time, risks of cybersecurity and fraud are on the rise. Read our round-up of pensions and finance news about the coronavirus outbreak.

Questions remain about AE contributions in govt scheme

News On the Go

On the go: Government's announcement that it will cover employer auto-enrolment pension contributions for furloughed workers still leaves many questions unanswered, such as how it will operate for defined benefit schemes, an expert warned.

TPR relaxes AE enforcement action in response to Covid-19

News On the Go

On the go: The Pensions Regulator is giving employers more time to pay contributions without triggering any enforcement action, in a move to reduce the burden on businesses during the Covid-19 crisis.

HSBC ahead of curve with TCFD compliance

As the government seeks powers to mandate pension schemes to disclose their climate change risks, the HSBC Bank (UK) Pension Scheme is already on its second report under the Task Force on Climate-related Financial Disclosures.