All Consolidation articles
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NewsPensions UK outlines feasibility study for small pots consolidation
Pensions UK Annual Conference: A feasibility review of small pots consolidation, overseen by Pensions UK, has found that more than a million pots under £1,000 could be consolidated, while approximately 800,000 pots are unlikely to be consolidated.
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NewsDC schemes should consolidate to support guided retirement aims, TPR says
The Pensions Regulator has once again urged small pension schemes to consolidate to ensure they comply with forthcoming duties related to decumulation contained within the Pension Schemes Bill.
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NewsAviva Master Trust tops £15bn amid government push for consolidation
Aviva’s defined contribution master trust has passed £15bn in assets under management, it announced today, as providers seek to meet the government’s £25bn ‘megafund’ target.
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NewsPensions UK sets out model for small pots consolidation
A new report recommends a “federated” system for consolidating deferred auto-enrolment pots of less than £1,000, using existing technologies and processes where possible.
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OpinionABI: Supporting the ‘Pay Your Pension Some Attention’ campaign
It’s Pensions Awareness Week, and Emily-Mae Collins of the Association of British Insurers outlines the many positive intiatives that will help consumers pay their pension some attention.
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NewsBigger and better schemes will help fill in ‘pension potholes’, says Bell
Pension scheme consolidation is helping improve outcomes for UK savers, but more work needs to be done to stop a generation of pensioners slipping into poverty, the pensions minister has said.
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NewsPensionBee launches petition for 10-day switch guarantee to end ‘pension purgatory’
Research from the pension consolidator has found that two-thirds of customers believe slow transfers can inhibit retirement planning.
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FeaturesCase study: First Bus bypasses master trusts for a bespoke DC route
First Bus’ defined contribution (DC) pension scheme has opted not to consolidate into a master trust so far. Head of pensions Muntazir Hadadi explains why, with contributions from the scheme’s lawyer and members.
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NewsSmart targets £10bn by next year as Mody takes over as chair
Raj Mody will succeed Andy Cheseldine as chair of Smart Pension’s master trust board on 1 September.
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NewsOwn-trust DC schemes ‘have the edge’ over master trusts, research shows
Barnett Waddingham research shows that employers with larger DC schemes are not always choosing to consolidate into master trusts, with single-employer approaches winning on factors such as member engagement.
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NewsHow employers plan to change their DC pension provision
The anticipated overhaul of DC pension schemes through the Pension Schemes Bill could see a majority of employers make changes to their provision, research indicates.
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NewsMore cost concerns raised over LGPS asset pooling plans
One of the LGPS funds now searching for a new pool has warned of a hefty cost impact, as the government seeks to accelerate pooling over the next few months.
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NewsGovernment’s backstop power to force LGPS pool decisions was ‘a surprise’
The government’s potential introduction of a power to force LGPS funds into specific pools took some in the system by surprise, according to one fund’s chief executive.
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NewsClara takes on church scheme in ‘connected covenant’ first
In the first superfund transaction involving a non-profit sponsor, Clara has introduced a model allowing the retention of a sponsor link, which it says adds to member security.
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News‘Game changer’: Pension Schemes Bill laid before parliament
The government will today introduce the much-anticipated Pension Schemes Bill to parliament, setting the stage for a wide-ranging and ambitious overhaul of workplace pensions in the UK.
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NewsConsolidator in waiting? Government taking its time to assess extension of PPF remit
The government will not legislate for a new consolidator for DB pension schemes in the upcoming Pension Schemes Bill, but is still exploring the potential for the Pension Protection Fund to take on the role in future.
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NewsSurplus plans welcomed by trustees but concern raised over ‘deadlock’ cases
The Association of Member Nominated Trustees has welcomed the government’s planned approach to surplus extraction rules that will place trustees at the centre of decision-making.
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OpinionThe Friday Takeaway: Backstop power is a sword of Damocles for the pensions sector
The government plans to give itself powers in the Pension Schemes Bill to intervene in scheme asset allocation and LGPS fund mergers. We should probably be worried, writes Pensions Expert editor Nick Reeve.
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NewsTrustees to be given full discretion over DB scheme surplus release
Defined benefit pension schemes will be able to release surplus if they are overfunded on a low dependency basis, under proposals outlined by the government this week.
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NewsHow the Pensions Investment Review will change DC default funds
The government has set out a multi-year vision for how DC consolidation will play out, with transition plans to be put in place to help smaller providers reach its coveted £25bn target.