All Auto-enrolment articles – Page 23
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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.
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News
Mastertrust transfers and charges blasted in ‘worst in pensions’ study
Two of the UK’s largest mastertrusts have been named the worst performing providers in pensions over high charges and slow transfer processes.
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Features
Threshold adults favour medium-term saving over pensions
Analysis: The pensions industry has long been deliberating over the best way to cater for millennials currently beginning their savings journeys, but it may be time to focus on a new term – the so-called threshold adult.
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Opinion
What have we learnt from the FCA’s Retirement Outcomes Review?
The Financial Conduct Authority’s final findings from its Retirement Outcomes Review offer a fascinating early glimpse into the behaviours of consumers after the introduction of pension freedoms, says Redington’s Jon Parker.
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News
PLSA pushes for retirement income targets and AE increases
The Pensions and Lifetime Savings Association has set out its final recommendations from its ‘Hitting the Target’ consultation, calling for an increase in minimum auto-enrolment contributions to 12 per cent, and the introduction of retirement income targets.
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News
Dormant pots could cost £1bn in admin charges, research finds
Auto-enrolment is set to create 50m dormant pension pots by 2050, which may cost savers up to £1bn in administration charges, according to Hargreaves Lansdown research.
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OpinionSidecars suit self-employed
Editorial: Self-employment is more common than ever, and the distinct lack of any concrete solution to get these people saving for retirement is becoming increasingly worrying.
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News
Providers eye departure from defaults in workplace success stories
Providers at both ends of the workplace pension market are reporting positive behaviours among their membership, prompting some to suggest that the government should not instigate further increases in minimum contribution rates.
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Features
Auto-enrolment: How are small and micro employers faring?
Analysis: When small and micro employers began auto-enrolling workers, it was unclear how they would react to the cost, administration and communication aspects of complying with the reforms.
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News
Smart Pension fined for failure to report missing contributions
On the go: Smart Pension's trustee has been fined by the Pensions Regulator for failing to report unpaid pension contributions to members and the watchdog.
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News
Self-employed should not be auto-enrolled, says trade body
The Association of Independent Professionals and the Self-Employed has said that auto-enrolment should not be extended to the self-employed as a way of providing them with retirement income.
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News
Plumber wins workers' rights case
The Supreme Court has upheld a verdict that Gary Smith, a former contractor who carried out work for Pimlico Plumbers between 2005 and 2011, was indeed a worker at the company and was consequently entitled to workers’ rights there.
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News
Time running out for DWP to book 2019 bills, Webb warns
The Department for Work and Pensions is at risk of running out of time to pass key aspects of its pensions policy agenda in 2019 due to the impact of Brexit and several measures yet to even reach a consultation stage, according to former pensions minister Sir Steve Webb.
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News
Recruitment agency admits illegally opting workers out of scheme
On the go: Seven members of senior management at recruitment company Workchain have pleaded guilty to gaining unauthorised access to computer data in order to opt the agency’s temporary workers out of its pension scheme.
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News
Guy Opperman outlines hopes to harness fintech
Pensions and financial inclusion minister Guy Opperman says he hopes to harness fintech to boost saving for the self-employed, while aiming to bring in legislation for defined benefit regulation next year.
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News
Government figures show drop in persistency of saving
The amount saved into workplace pensions rose by £4.3bn to £90.3bn in 2017, according to new government data, but a slight drop in the persistency of saving last year has raised concerns.
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OpinionDashboard and AE improvements can cement Opperman’s legacy
It has been a busy first year for Guy Opperman, with some significant steps forward for auto-enrolment announced in last year’s review, the adoption of much-needed mastertrust and bulk transfers regulation, and the smooth roll-out of minimum contribution increases.
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OpinionDC should stand for decent contributions
From the blog: In recent years, regulators have put so much emphasis on the minutiae of defined contribution pensions that we seem to have forgotten about the bigger picture.
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OpinionBlowing the whistle on the secret pension offenders
The Pensions Regulator’s Darren Ryder outlines the importance of whistleblowers in enabling the watchdog to shine a light into the murky practices of an employer.