More master trust news – Page 16
-
News
Self-employed missing out on £4bn pension contributions
On the go: Some 4.3m self-employed individuals are missing out on £4bn in employer pension contributions a year, according to new research.
-
News
Mercer and L&G to target net-zero, Aviva launches equity fund
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with Mercer and Legal & General reducing carbon emissions, and Aviva’s new equity fund launch.
-
News
Pandemic dampens DC membership growth in 2020
On the go: The increase in defined contribution members slowed to 11 per cent in 2020 as a result of the pandemic, compared with 17 per cent in the previous year, according to data from the Pensions Regulator.
-
News
Industry bodies launch small pots working group
On the go: The small pension pots working group had its first meeting on Wednesday, with a team of experts appointed to propose solutions to the current issues caused to auto-enrolment savers and schemes.
-
News
Smart Pension invests in private market illiquids
On the go: The £1.5bn Smart Pension master trust has introduced private market illiquids into its default fund after developing a solution in partnership with Natixis Investment Managers.
-
News
Government calls for greater emphasis on social factors
The government has called for a greater emphasis on the social element of pension schemes’ environmental, social and governance strategies, as there is a concern trustees are ill-equipped to deal with these factors.
-
OpinionThe future is… consolidation?
Consolidation in the defined contribution market is booming, with master trusts sweeping smaller schemes, but questions remain about who will be the winners, writes PTL’s managing director Richard Butcher.
-
News
TPR to test employer resources in contribution regime
On the go: The Department for Work and Pensions has proposed that the Pensions Regulator includes a new employer resources test in its contribution regime, which will be used to determine whether an act or failure to act has occurred.
-
PodcastsPodcast: Uber decision poses challenges for master trust sector
Podcast: For master trusts, onboarding gig economy workers who could be entitled to a pension following the Supreme Court’s Uber verdict is not as simple as it may sound. Hymans Robertson’s Patrick Bloomfield, partner, and senior DC investment consultant Victoria Panormo unpack the problem, in an episode also covering the Pensions Regulator’s draft criminal powers policy, and the Department for Work and Pensions’ climate risk consultation.
-
News
Nest invests £250m in green energy
On the go: Master trust Nest has partnered with Octopus Renewables to invest £250m in green energy in UK and Europe.
-
News
AkzoNobel transfers assets to master trust
On the go: The AkzoNobel Benefit Builder, which closed to future contributions in October last year, has transferred the majority of its assets to a defined contribution master trust with Mercer.
-
News
Opperman: Charge cap has room for illiquid investments
On the go: The pensions minister has suggested that defined contribution schemes currently have room to invest in illiquids within the charge cap.
-
Opinion
Lifetime allowance freeze reopens debate on its relevance
Broadstone technical director David Brooks analyses the pension announcements made by chancellor Rishi Sunak in the Budget, and questions what is the purpose of the lifetime allowance.
-
News
Government proceeds with new general levy structure
On the go: The Department for Work and Pensions has confirmed that a new general levy structure, with four different rates, will come into force in April 2021.
-
News
TPR: Master trusts have ‘work to do’ on investment knowledge
On the go: Master trusts still have “work to do” to improve their trustees’ investment knowledge, according to Geoff Cheetham, principal investment consultant at the Pensions Regulator.
-
News
DB master trust invests in low-carbon equity fund
On the go: TPT Retirement Solutions, which has £10.5bn in defined benefit assets, has invested in a new climate-tilted index equity strategy launched by Legal & General Investment Management.
-
News
Half of schemes planning to move members into master trusts
On the go: The trend of transferring members of defined contribution schemes to master trusts is expected to continue in 2021, with 50 per cent of employers or trustees planning such moves, or at least signpost these schemes as a retirement option for their members.
-
News
Master trust competition hots up despite consolidation
Data crunch: The majority of master trusts are targeting defined contribution schemes in a bid to boost their assets under management, leading to heightened competition in a marketplace where there is scepticism about acquiring rivals.
-
News
Smart Pension pledges to reach carbon zero before 2050
On the go: Smart Pension has committed to developing its investment approach to reach net-zero carbon emissions “well ahead” of the 2050 deadline.
-
News
Call for ‘living pension’ to boost contribution levels
On the go: A living pension standard is needed to encourage employers to raise contribution rates and help workers enjoy a decent standard of living in retirement, a think-tank has suggested.