Workplace pension participation is stalling after reaching a rate of 88 per cent of eligible employees last year, according to new figures from the Department for Work and Pensions.
Latest articles from Alex Janiaud
Govt sets 2040 gender state pension gap goal
The government has revealed a goal of eliminating the gender state pension gap by 2040, while pointing to auto-enrolment as a tool to decrease the overall savings shortfall between men and women.
B&CE and building company botch pensions complaint
The Pensions Ombudsman has ordered B&CE and a building company to compensate an individual, after the employer failed to pay a year’s worth of contributions to his pension and took an excessive amount of time to deal with the complaint.
BMA votes to expedite McCloud remedy and recycle pensions
The British Medical Association is expected to push for the expedition of the McCloud remedy and the introduction of pension recycling rules in the NHS Pension Scheme, after backing from its members in its annual representative meeting.
Schemes urged to seek GMP advice on past bulk transfers
On the go: Pension schemes that have paid bulk transfer values have been told to seek specific advice on how the Lloyds 2020 guaranteed minimum pension judgment affects those payments.
DWP gives schemes greater scrutiny of asset managers on voting
Pension schemes will be able to use the asset manager tender process to challenge prospective managers on how they would vote on shareholder resolutions, the government has said.
New ONS data exposes ‘shocking’ pensions inequality
On the go: One-10th of the UK population held more private pension wealth than the rest of the country combined between 2018 and 2020, new research has revealed.
Weekly Roundup: Fly by the seat of your pants
This week – GMB union takes ride-hailing app Bolt to court over pension rights, employers still failing to ‘get’ the Local Government Pension Scheme, efforts to exchange small pots by three master trusts hit a wall, and TPR confirms its delayed DB funding code will be live by September 2023.
Academics reject USS Employers’ 12% pensions cut forecast
On the go: A group of academics have attempted to refute Universities UK’s claim that staff in the £90bn Universities Superannuation Scheme earning less than £40,000 annually would receive a “headline” cut of 12 per cent to their future pension, pointing out to higher losses.
LGPS faces affordability, engagement and policy challenges
Podcast: Pensions and Lifetime Savings Association’s head of defined benefit, LGPS, and investment Tiffany Tsang and West Midlands Pension Fund’s director of pensions Rachel Brothwood discuss new research into the Local Government Pension Scheme and what can be done to help employer members.