Latest articles from Benjamin Mercer

Think tank warns old DC schemes can erode member benefits

News on the go

On the go: Members could be suffering poor value for money and seeing their benefits erode by not moving their pensions out of old defined contribution pots, the Institute for Fiscal Studies has warned.

Govt proposes ‘find and view’ dashboards amid public sector delay

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The government will be moving forward with the ‘find and view’ functionality on pensions dashboards from launch day, despite industry concerns about the size of the task ahead, while it acknowledged that public sector schemes will only be onboarded in 2024 due to the “considerable work” caused by the McCloud remedy.

Ombudsman cracks down on trustees with new anti-scam unit

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The Pensions Ombudsman has launched a new specialist team dedicated to investigate breaches of trust, and allegations of dishonest and fraudulent behaviour by pension scheme trustees.

UCU confirms strike action in February over USS dispute

UCU strike 2019 teaser

The University and College Union has confirmed its members will participate in another round of industrial action in February in response to the ongoing dispute with employers over the Universities Superannuation Scheme.

Weekly Roundup: I CDC trees of green, red roses too

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This week – TPR publishes its draft code of practice for collective defined contribution scheme authorisation, Opperman fails to give timetable for auto-enrolment expansion, UCU attempts to avoid further USS strikes, and fiduciary managers downplay pandemic disruptions.

UCU proposes solution to avoid further USS strikes

Reuters

The University and College Union has presented a new set of proposals it says will avert future strike action over Universities Superannuation Scheme benefits.

Opperman declines to give timetable for auto-enrolment expansion

Calendar (teaser)

Industry experts have expressed disappointment at the lack of a timetable for expanding auto-enrolment, following a debate on the topic in Westminster Hall.

TPR to accept CDC applications from August

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The Pensions Regulator has published its draft code of practice governing authorisation for collective defined contribution schemes, and is set to begin accepting applications from August.

Fiduciary managers downplay pandemic disruptions

Laptop hand IT PC (teaser)

More than three-quarters of fiduciary managers endured control failures in 2020, despite “widespread claims” to the contrary, according to a new report from IC Select.

Almost half of workers cannot afford to save for retirement

News on the go

On the go: Almost half (47 per cent) of individuals not yet in retirement say that spiralling costs have left them unable to save, according to a survey from the Pensions and Lifetime Savings Association.