All Auto-enrolment articles – Page 22
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Opinion
DC Debate Q4: AE changes to protect the needy
Five defined contribution experts discuss whether the government should raise minimum contribution levels further than currently planned, and how to help low earners and the self-employed.
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News
AE reaches nearly 10m workers, but gaps in coverage remain
On the go: A record 9,937,000 workers have been auto-enrolled into a pension scheme since 2012 according to data from the Pensions Regulator’s monthly auto-enrolment compliance statistics released on November 13.
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News
Minister lays down gauntlet for industry on sidecars
On the go: Guy Opperman has urged financial services companies to trial sidecar savings products with their employees, warning that they will lose their credibility if they are not seen to be offering their own staff the flexibility they advocate for others.
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News
Gig economy workers to get more rights
On the go: More than 1m gig economy workers in such companies as Uber and Deliveroo may soon have more employment rights.
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News
Two in five employees are approaching retirement ‘blindfolded’
On the go: Forty per cent of employed 46 to 55-year-olds do not know how much they have saved for retirement, a recent survey has found.
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News
Self-employed back expansion of AE to cover gig economy
On the go: Self-employed workers want government help to save for retirement and would back new laws to expand auto-enrolment or to make saving for retirement compulsory, new research from Prudential shows.
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News
Accountant fined £6,857 for providing false information to avoid AE duties
On the go: The accountant of a London cafe has been ordered to pay £6,857.50 after he admitted falsely claiming to the Pensions Regulator that staff had been enrolled into pensions.
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OpinionWhy we need to better understand Generation AE
The pensions industry is only just getting to grips with the needs and expectations of the first-time savers created by auto-enrolment. Nigel Peaple of the Pensions and Lifetime Savings Association explains the implications for pensions policy of ongoing research in this field.
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News
UK pension system still lagging on adequacy and sustainability
The UK pensions system has major shortcomings in its adequacy and sustainability, and could be improved by rowing back some of freedom and choice, according to research comparing retirement provision around the globe.
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OpinionBridging the gap
Editorial: Auto-enrolment has certainly succeeded so far in helping more people save for retirement. But there is still a lot more to be done.
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News
Master trust members unfazed by AE increases
Savers auto-enrolled into a pension scheme are not dropping out of their plan any faster when nudged toward saving more money each month, according to the Pensions and Lifetime Savings Association.
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OpinionLooking ahead for pensions
Helping individuals engage with their pensions more easily will help the industry attract new savers, ensuring even more people are preparing for later life, says Guy Opperman, minister for pensions and financial inclusion.
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News
Opperman's consumer choice AE meeting draws ire of industry
Workplace pension providers and advisers have expressed fury at reports that minister for pensions and financial inclusion Guy Opperman will attend a meeting to discuss letting members choose their auto-enrolment provider.
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News
Willetts: Tax pensioners more to stem potential opt-out rise
National insurance contributions from pensioners’ income could be used to stem opt-outs resulting from increased contributions under auto-enrolment, an influential Conservative peer has suggested.
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News
Millennials want more help with pensions, study shows
Millennials have a responsible attitude to retirement saving, despite pressure to get on the property ladder and pay off student debt, but more than half want more support and information about pensions, a study has found.
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Opinion
DC Debate Q3: Getting the right amount of risk in defaults
In the first instalment of this quarter's DC Debate, five experts dive into the appropriate amounts of risk and diversification for defined contribution members at various points in their savings journey.
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News
Aegon not interested in scooping up failed mastertrusts
Pensions provider Aegon has declared itself uninterested in buying mastertrusts that drop out of the market as a result of authorisation, aiming instead at the more lucrative single-trust defined contribution market.
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OpinionDC investment design: How to ensure good member outcomes
Columbia Threadneedle’s Andrew Brown explains how trustees can help to ensure good outcomes for DC members by regularly reviewing the suitability of the default, ensuring adequate investment governance and establishing measurable performance objectives.
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News
Regulator charges third party for supplying false information
The Pensions Regulator is prosecuting an accountant for falsely claiming that the business he was working for had enrolled its staff into an occupational pension. It is the first time that the regulator has charged a third party for this offence.
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News
Bank of England raises base rate to 0.75%
The Bank of England has raised its base interest rate to 0.75 per cent, its highest level since February 2009.