All auto-enrolment articles – Page 41
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News
Aviva plans GPP committee to boost governance
Aviva is the latest insurer considering a trustee-type governance committee for its group personal pension to drive up standards and make its operations more cohesive.
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News
Associated British Foods reports 3% AE opt-out
Associated British Foods has seen a less than 3 per cent opt-out rate and significant engagement from 1,500 employees auto-enrolled in February, after an extensive awareness campaign and popular default investment strategy.
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Opinion
How to beat the auto-enrolment capacity crunch
Many businesses intend to rely on their current pension or payroll provider to assist with auto-enrolment, according to our experience so far. But how much detailed analysis has gone into the feasibility of this approach is open to question.
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Opinion
Editorial: Managing auto-enrolment
The arrival of auto-enrolment has been a privilege and a challenge for the pensions journalist – a chance to report on a seismic shift in a truly important industry.
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NewsJohn Lewis campaign curtails AE opt-outs
The John Lewis Partnership has reported an initial 5 per cent auto-enrolment opt-out rate and increased saving interest from teenage employees, after a widespread engagement campaign and membership survey.
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Features
Avon aims to avert mass opt-out with roadshows
Avon Pension Fund will go on the road in April to explain benefit changes to avoid a slew of members opting out and threatening the viability of the scheme.
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FeaturesCo-op battles 95% apathy with tiered AE scheme
The Co-operative Group has managed its risk of employee disengagement from auto-enrolment by introducing a tiered scheme that mixes defined contribution and career average to suit members' needs.
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Features
Kingfisher plans for 30% auto-enrolment opt-out
Kingfisher is focused on tightening up its administrative and payroll systems to deal with an anticipated 30 per cent opt-out rate following auto-enrolment next year.
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FeaturesWebb on AE challenges for medium schemes
Video: Pensions minister Steve Webb discusses with Ian Smith the auto-enrolment delays and what should be top of the agenda for medium-sized employers (5:39).
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Features
Printing scheme aims to cut member fees with AE
The Printing Industry Pension Scheme (PIPS) expects to multiply its employer membership through auto-enrolment. Ian Smith explores how it is planning to use the reform to control costs for members.
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Features
South Yorkshire staves off risk of mass opt-outs
Proposed reforms of the local government pension scheme have raised the threat of a mass member exodus, but South Yorkshire has developed a strategy to combat the risk
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Features
Using Nest to manage 2012 risk: five myths explained
Richard Bartlett, assistant director of the National Employment Savings Trust (Nest), explains how schemes and employers can use Nest as a complement to their existing arrangements for auto-enrolment.
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Features
M&S cost savings to spur mastertrust copycats
Owen Walker analyses M&S’s mastertrust structure, which the retailer will set up to mitigate the administration costs associated with auto-enrolment
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Features
British Steel launches nursery DC to manage cost
British Steel Pension Scheme will close its defined benefit section and launch a defined contribution arrangement to make the scheme more sustainable and manage the costs associated with auto-enrolment.
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Features
Local government schemes respond to AE safeguards
Norfolk Pension Fund has issued each of its employers with a guide to complying with new auto-enrolment legislation to ensure members are not induced to leave the scheme.
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Features
Greater Manchester prepares for 25% fall in membership
Greater Manchester Pension Fund has set up a working group to draw up an investment strategy in expectation of a much-reduced membership.
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Features
One in four employers to mitigate 2012 costs
Ian Smith looks at new data revealing how defined contribution (DC) schemes and employers are planning to control the cost of auto-enrolment.
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Features
Manager competition essential to reduce DC fees
Small business concern over the increased costs associated with auto-enrolment may be misplaced, Norway’s experience of pension reform suggests.
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Features
Regulator: How schemes can better protect members
The Pensions Regulator discusses how it is working with schemes to protect members’ benefits and preparing the industry for auto enrolment
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Features
DWP calls for triennial reviews of DC defaults
The Department for Work and Pensions’ (DWP) guidance on providing default options will prompt tighter governance controls for some schemes in the run up to auto-enrolment.