All NOW Pensions articles – Page 4
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NewsWorker status at centre of draft bill on gig economy
The Work and Pensions Committee and the Business, Energy and Industrial Strategy Committee have published a draft bill and a report on workers’ rights and the gig economy.
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Opinion
When money meets religion: Sharia compliant pensions in the UK
Islamic finance is a fascinating and challenging domain. The industry’s assets were valued at $2tn (£1.5tn) globally at the end of 2016, according to S&P Global Ratings.
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Features
Could a shift in AE contributions balance raise saving levels?
Analysis: As questions remain over the adequacy of auto-enrolment contributions, a shift in the balance between employers and employees might provide the answer towards raising retirement saving levels.
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News
DC savers want compulsion, research shows
Members favour scrapping the option to opt out of auto-enrolment minimum contributions, recent research has found, as experts highlight the need for better guidance around the levels of saving required for retirement.
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OpinionThe pensions industry needs more innovators
Now Pensions’ Adrian Boulding says regulatory policy must allow the pensions industry to explore new products for accumulation and decumulation, focusing on the overall financial health of its customers.
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News
Now Pensions withdraws from mastertrust assurance list
Now Pensions has removed itself from the Pensions Regulator’s list of schemes that have obtained mastertrust assurance for automatic enrolment, citing historic problems processing client contributions.
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News
Over-confident savers back property before pensions
Almost half of UK savers continue to believe that property is the best way of providing for retirement, according to a survey by the Office for National Statistics, which highlights the challenge facing government.
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News
Small employers urged to plan ahead as more miss staging deadline
A rising number of small employers are missing their auto-enrolment staging deadline, a new study has shown, as experts highlight the importance of being prepared and planning ahead to make sure employees benefit from a pension.
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News
Cracks show over member involvement as MPs debate mastertrusts
As the pension schemes bill on tougher mastertrust regulation is passing through parliament, some have called for making member involvement in mastertrust governance mandatory, but it is feasible?
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OpinionTackle covert discrimination in auto-enrolment
From the blog: In recent months, much attention has been given to the Women Against State Pension Inequality campaign. This has brought the issue of gender inequality in pension legislation into sharp focus.
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News
Pensions bill boosts mastertrust governance
Mastertrusts will be subject to new restrictions on governance and financial stability, along with penalties for failure to supply adequate information, under rules set out in the pension schemes bill yesterday.
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News
Nest drawdown proposals: Competitors fear disruption
The dust has settled on government's call for evidence on the expansion of Nest into the drawdown market, but it seems the war of words between industry professionals is far from over.
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News
Pensions dashboard prototype to launch by next spring
The Treasury has said it will be working with 11 pension providers to release a prototype of the pensions dashboard by March 2017.
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News
Select committee flags Lisa as AE opt-out concern
A recent report from the Work and Pensions Committee has raised concern that the Lifetime Isa could lure people out of pensions, but the industry is divided over whether Lisas are a threat or potential boon for auto-enrolment.
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News
More than a third support Lisa expansion, research shows
Many under-40s are planning to save into Lifetime Isas alongside their workplace pension, research commissioned by mastertrust Now Pensions this week revealed, but support for expansion of the new savings vehicle could pose a threat to pensions.
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News
Larger mastertrusts welcome imminent regulation
Providers have welcomed plans to increase regulation of mastertrusts, as the government reveals it intends to bring in legislation for the arrangements “as soon as practically possible”.
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News
DC consolidation driven by more than auto-enrolment
The number of people saving into large defined contribution schemes has more than quadrupled since 2009, figures from the Pensions Regulator have shown, as signs of DC consolidation begin to appear.
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OpinionAE for smaller employers: Have a plan and tackle it early
The number of small and micro businesses due to start auto-enrolling employees is set to increase dramatically next year. Mastertrust Now Pensions’ Morten Nilsson explains how they should prepare for this change.
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News
Auto-enrolment pause button 'unhelpful' for momentum
An "emergency pause" could be triggered if auto-enrolment frameworks become overwhelmed by surging demand, but industry commentators say the government’s contingency plan “damages the momentum” behind the rollout of the initiative.
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OpinionWhy a competitive AE market for smaller employers is crucial
From the blog: Auto-enrolment has proven to be a big success. Millions of hitherto pension-less employees are now saving for their retirement and opt-out rates are low.