All Auto-enrolment articles – Page 36
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Opinion
Three points you may have missed from the OECD report
The OECD's 2014 study into established pensions markets has concluded that changes to auto-enrolment scheme design, including tougher rules on opting out could improve UK coverage rates overall.
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Opinion
DC is getting worse before it gets better, in three graphs
The auto-enrolment army of (initially) low-contributing, apathetic savers has marched into the official data on pension contributions, demonstrating the uphill battle facing the industry to secure a decent retirement for today's savers.
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Features
Wolseley moves to quell creeping opt-out rate
Plumbing products supplier Wolseley UK is working to battle a climbing opt-out rate, reflecting the challenge of keeping new joiners in workplace pension schemes despite attractive terms.
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News
Nest to switch TDF goalposts from annuity purchase as April looms
DC: The New Investment Journey. Nest is planning to amend its target date funds that currently aim for annuity purchase in light of the greater flexibility in retirement options available to scheme members from April 2015.
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Opinion
Is Labour right to argue for extending auto-enrolment to 1.5m lower earners?
From the outset, the Pensions Commission’s vision for auto-enrolment was a regime designed for low to medium earners.
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News
Less than 1% opt out at caterer despite seasonal staff headwinds
Catering company Jenkinsons has auto-enrolled around 400 staff with just three opt-outs, despite enrolling a large seasonal workforce.
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OpinionEditorial: Turn the dial?
I should start off by agreeing entirely with Barnett Waddingham’s Damian Stancombe that the vast majority of breath spent on defined contribution pensions should not be expended discussing investment, but on encouraging savers to pay more in.
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News
Just one AE member per micro employer, ACA projects
Three-quarters of a million micro employers could end up with an average of only one member of staff each in their pension scheme as a result of auto-enrolment, fuelling the debate over eligibility.
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Features
SABMiller to offer pension-plus savings options after 20% opt out
NAPF Annual Conference 2014: Drinks company SABMiller will launch additional savings vehicles after one in five workers opted out of its UK defined contribution scheme, with reductions in tax relief a principal factor.
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News
Beauty company nails AE with just one opt-out from 175
NAPF Annual Conference 2014: As smaller employers reach their auto-enrolment staging dates, beauty brand Nails Inc has said only one of 175 opted out when it auto-enrolled staff in January, which it attributed to knowing what level of benefits employees would want.
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Opinion
Today at the NAPF annual conference – October 16 edition
The National Association of Pension Funds Annual Conference 2014 in Liverpool was in full swing today, with panel discussions on auto-enrolment, collective defined contribution, independent governance committees, to name just a few.
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Opinion
Shoot for the stars: Why after AE staging, contributions need to rise
Talking head: Pensions commentator Steve Bee compares the current statutory minimum of 8 per cent of pensionable pay to the 17.5 per cent that was calculated in the 1950s as necessary to provide a defined benefit-like income.
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Opinion
When AE equals a B – the UK's pensions system ranked
Auto-enrolment has pushed the rating of the UK’s public and private pensions up the ranking of the world’s best pension systems, but greater participation or contributions are needed to reach the level of Australia or even Chile.
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Features
Hyde Group uses employees to design flex bens
Housing provider Hyde Group has set up a flexible, employee-designed system for scheme members to access their benefits, in a drive to retain and attract talent.
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Opinion
Why opt-outs are not the only measure of AE success
LCP’s Andy Cheseldine argues initial opt-out rates of people choosing to reject their new workplace pension could yet change, and the industry “should be careful that too many workers are not excluded in the long-term”.
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Opinion
Regulator: the AE capacity crunch has not materialised
Talking head: The Pensions Regulator’s Charles Counsell argues that the anticipated capacity crunch for auto-enrolment did not materialise, but non-compliance is expected to rise.
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News
Industry looks for answers for low earners missed by AE
Industry experts have zeroed in on auto-enrolment eligibility and the ‘soft compulsion’ of the government’s workplace pensions reform as areas that could be improved to help close the retirement savings gap.
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News
How lifting Nest restrictions could affect the market
The lifting of restrictions on contributions and transfers to state-backed mastertrust Nest will make it more compelling for employers, but a rival mastertrust has called for oversight of its funding arrangements.
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News
How the PPI's answers to the adequacy question stack up
The Pensions Policy Institute has said higher statutory contribution levels for median-higher earners and more contribution-matching could improve retirement outcomes, but has received a mixed response including warnings of unintended consequences.
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News
Vodafone revisits scheme comms after bringing onboard 6,200 members
Vodafone is reviewing its communication strategy after a significant increase in the size of its defined contribution pension plan following auto-enrolment and an influx of members from its Cable & Wireless acquisition.