An overhaul of defined contribution risk management is crucial to garner trust and for the success of auto-enrolment, say scheme and investment managers.
Latest articles from Maxine Kelly
Altmann: give savers access to personal contributions
Employee contributions should be ringfenced to provide workers with partial access to their pension pots ahead of retirement, Ros Altmann has said.
Speedy annuity quotes thwarted by regulation
Moves by the annuity industry to fully automate the underwriting process ahead of auto-enrolment are being stymied by Solvency II and the retail distribution review.
Late AE call forces DWP rethink on payroll woes
The Department for Work and Pensions is reviewing auto-enrolment legislation following major concerns raised by the payroll industry.
Firms demand full auto-enrolment compulsion
Nearly 70 per cent of UK employers want to ban staff from opting out of auto-enrolment schemes altogether, research shows.
Payroll providers call for opt-out cash reform
Payroll professionals are seeking to clear up widespread confusion over who holds the cash contributions of members who opt out of auto-enrolment.
Early access to pensions the key to engagement
The proposal to ringfence employee contributions and provide workers with partial access to their pension pots ahead of retirement has come under fire.
Specsavers the focus of Aviva U-turn
Specsavers will be forced to move its group personal pension (GPP) to Zurich in September, after current provider Aviva backed out of a new fee deal.
Public sector faces communications bottleneck with reforms
Auto-enrolment is a painful and frustrating compliance exercise for public sector schemes and risks getting in the way of communicating wider reforms, consultants warn.
Message received: communicating auto-enrolment
As part of the government’s keenness to ensure the success of both auto-enrolment and the National Employment Savings Trust (Nest), it has been working hard to provide all pension providers and schemes with the tools to get the message across to members – and to see that it’s received positively.
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