All Auto-enrolment articles – Page 12
-
NewsDC market proves resilient during pandemic but challenges remain
A continuation of positive trends alongside the benefits of auto-enrolment has shaped the defined contribution pensions space over the past year, but complications surrounding the Covid-19 pandemic have brought the need to mitigate future risks to the fore.
-
NewsAE opt-out and cessation rates remain low despite pandemic
On the go: Auto-enrolment opt-out and cessation rates have remained low over the past year, despite hikes to minimum contributions and the economic impacts of the Covid-19 pandemic, according to new research from Nest Insight.
-
OpinionPension Awareness Week: It’s time to wake up the ‘sleepwalkers’
As Pension Awareness Week unfolds, The Investing and Saving Alliance’s head of retirement, Renny Biggins, warns that schemes need to increase engagement with their members as delays to auto-enrolment changes are to be expected.
-
NewsPension Awareness Day: Savers still in the dark amid Covid-19 downfall
A roundup of the news marking the 2021 Pension Awareness Day, with £5.3bn lost from over-fifties pension pots during the pandemic, retirement security in the UK declining for the fourth consecutive year, and a new guide launched to help employers and schemes to support members’ financial wellbeing.
-
NewsTPR auto-enrolment enforcement figures back to pre-pandemic levels
On the go: The number of warnings issued to employers for failing to comply with auto-enrolment rules are back to pre-pandemic levels, the Pensions Regulator has said.
-
NewsAuto-enrolment at risk after national insurance increase
On the go: The implementation of the auto-enrolment reform could be at risk after the government announced a national insurance hike, Aegon has warned.
-
NewsPrivate sector auto-enrolment participation stalls in 2020
On the go: The number of private sector workers auto-enrolled into a pension scheme has decreased by 1 per cent for the first time since the introduction of auto-enrolment, despite opting out figures remaining stable during lockdown, new data has shown.
-
NewsTPR urges employers to carry on with auto-enrolment duties
On the go: The Pension Regulator has warned employers to not forget auto-enrolment duties as the economy adjusts to the new normal following the pandemic crisis.
-
NewsOmbudsman finds Covid is not an excuse to renege on auto-enrolment
The Pensions Ombudsman has ordered a company to pay £1,000 to five staff members for “distress and inconvenience” after it deducted pension contributions without paying them into the scheme.
-
NewsNest to trial ‘opt-out’ payroll savings approach
On the go: The research arm of the government-backed master trust Nest will be trialling an ‘opt-out’ payroll savings approach that aims to help employees build up an emergency fund.
-
NewsGender pension gap reaches 56% at retirement
On the go: Women have a gender pension gap in every stage of their career, which reaches 56 per cent at retirement when compared to men, according to analysis from Legal & General.
-
NewsPodcast: Too much jargon hampers sustainable investing drive
Podcast: Politicians and the pensions industry risk jeopardising the progress made on sustainable investing because they are too fond of jargon. Members are keen to get involved, but they have to understand what they are getting involved in. Georgia Stewart, chief executive of Tumelo, and Chris Hulatt, co-founder of Octopus Group, talk sustainability, inter-generational fairness and cryptocurrencies.
-
NewsNest govt loan increases 66% in pandemic year
On the go: The loan from the Department for Work and Pensions to Nest increased by 66 per cent in 2020-21, as the government-backed master trust saw a rise in members and assets under management.
-
NewsDWP’s move to DC universal charge structure could do ‘serious damage’
Industry commentators are worried about the Department for Work and Pensions’ proposal to introduce a universal annual management charge in defined contribution default funds, warning that the move is premature and could do “serious damage” to the pensions market.
-
NewsDWP issues ‘stronger nudge’ to pensions guidance consultation
On the go: The Department for Work and Pensions has opened a consultation into regulations requiring trustees and scheme managers to “nudge” individuals to obtain pensions guidance.
-
NewsOver-50s fear retirement poverty
On the go: Adults aged over 50 in the UK are worried about their financial future, with almost a third admitting to concerns that they will not have enough money to live off in later life, according to research by SunLife.
-
NewsYounger workers risk losing track of pension pots
On the go: Younger workers unaware of their pension arrangements face losing track of their pension pots as the economy recovers from Covid-19.
-
NewsNearly a third of Gen Xers have inadequate pension savings
Almost one in three Generation Xers — individuals aged between 41 and 56 — have inadequate pension savings and face a minimum-at-best standard of living in retirement, according to research by the International Longevity Centre and Standard Life.
-
NewsHymans warns over statement timescales as DWP consultation closes
On the go: As the Department for Work and Pensions closes its consultation on simpler annual benefit statements on Tuesday, investment consultancy Hymans Robertson has called for more time to implement the changes.
-
NewsCalls for NHS pension reform to tackle 'medical staffing crisis'
On the go: The British Medical Association has used a Public Accounts Committee report criticising the Treasury’s implementation of public sector pension reforms to call for further changes to the NHS Pension Scheme in order to tackle the medical staffing crisis.