All Auto-enrolment articles – Page 39
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News
Almshouse scheme doubles members in AE comms drive
Whiteley Pension Scheme has doubled its scheme membership in a ‘buy now while high contributions last’ approach to pre-staging communication that has become popular among schemes wanting to boost employee saving.
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News
Consultant-provider collaborations create AE quandary
News analysis: Employers and schemes approaching auto-enrolment face a unique governance challenge as consultants and providers club together to provide off-the-shelf products, with industry commentators raising questions on independence and cost.
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Opinion
Why auto-enrolment is only half the job
Talking head: Regular columnist Steve Bee takes stock of seven years of reform and the work needed to avoid a flawed pensions system.
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NewsRSPB sees 17.5% opt-out in 'mixed' AE response
The bird protection charity RSPB has revealed a 17.5 per cent opt-out rate since auto-enrolment in November, as smaller organisations start to push up the proportion of workers declining workplace saving.
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Features
Plumbing scheme offers lower contribution rate to tempt employers
The Plumbing and Mechanical Services Industry Pension Scheme will offer a lower contribution scale to new employers joining the career average scheme, to help it compete with defined contribution arrangements.
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News
Compliance concerns prompt employers to rethink AE providers
News analysis: Some large employers are considering switching their auto-enrolment provider as their administration needs are not being met, fanning a growing secondary market.
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Opinion
Nest: the challenges we face in 2014
Talking head: Nest’s CEO Tim Jones looks at the day-to-day challenges facing the government-sponsored scheme, and how it is gearing up to meet the needs of this year’s stagers.
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News
Only seven in 10 DC members use the default
Data analysis: Fewer defined contribution members than expected are invested in default funds, new figures have shown, but experts anticipate this to increase as auto-enrolment continues to roll out.
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News
Less than a quarter of 2014 stagers ready for auto-enrolment
News analysis: Only 23 per cent of employers staging for auto-enrolment in the first half¹ of 2014 have confirmed their provider and completed everything necessary to be ready to comply, data has shown.
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News
OCS uses postponement to manage AE risks, sees 10% opt-out
Facilities provider OCS Group profited from the statutory three-month auto-enrolment postponement to find solutions to its tricky work patterns and variable earnings, when it staged last year.
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News
Pensions regulatory gap 'unsatisfactory', DWP report says
News analysis: The regulatory gap between pensions and wider financial services needs addressing, a Department for Work and Pensions report has said, but ongoing reform is pushing the issue down the agenda.
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News
Report calls for greater transparency on costs
All costs extracted by default funds and schemes should be publicly disclosed via a central registry to promote transparency, the Pensions Institute at Cass Business School has urged.
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News
IBM portal gets 5,000 sign-ups as scheme goes paperless
More than 5,200 active employee members have signed up to IBM Pensions Trust’s online pensions management portal since it was launched in the middle of last year.
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Features
Essex merges functions after admissions rise
Essex Pension Fund has combined its employer, investment and administration teams into a single structure to deal with an increased number of employers joining the scheme.
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News
Schemes told to offer annuity brokerage
News analysis: The shadow pensions minister has urged schemes to take a role in providing annuity brokering advice to ensure greater member purchasing power, but industry figures have raised concerns over how this could be implemented.
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News
Managers endorsing DC auto-escalation could face scheme tailoring challenge
News analysis: More than half of employers back auto-escalation schemes as a way to increase employee contributions, according to new research, but they may face challenges in tailoring contribution rates to members.
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News
Findel uses auto-enrolment to chisel down costs
Home retail and educational materials supplier Findel has overhauled its existing pension offering to generate savings that will help shoulder the costs of auto-enrolment.
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FeaturesManagers’ examples on reducing risks from 2013
Year in review: Pension managers and trustees took a variety of measures to protect their members’ benefits, Pensions Week reported over the past year, from more efficient administration software to covenant safeguards.
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News
Two-thirds of employers uneasy over pot-follows-member
News analysis: Around two-thirds of businesses are concerned at the complexity of the automatic transfer regime, while 70 per cent of managers are worried about the broader challenges of auto-enrolment compliance, a survey has found.
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News
Mid-sized charities heading towards 'poor' value AE
News analysis: More than half of small and medium-sized charities yet to auto-enrol have schemes with annual management charges greater than 0.5 per cent and face enrolling into “poor value” schemes, according to a report.