All The People's Pension articles – Page 4
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PodcastsPodcast: Three-month DB contribution holiday ‘might not be enough’
Podcast: Measures introduced by the Pensions Regulator – which allow employers to freeze their defined benefit obligations for three months in response to the economic fallout from coronavirus – might need to be reviewed, warned Emma Watkins, annuities director at Scottish Widows. However, she says the plan gives “breathing space to the most stressed pension schemes”, an opinion shared by Simon Kew, covenant adviser and former manager at the regulator.
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News
The People’s Pension introduces ‘criticised’ annual charge
The second-largest master trust in the UK is changing its charging structure and introducing an annual fixed fee, a model that other providers operate but which has been heavily criticised by experts.
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News
LGPS pool chair: Fragmented system cannot continue
On the go: The UK's private sector pension schemes will be forced to consolidate in the same way as the Local Government Pension Scheme, according to the chair of the Brunel Pension Partnership.
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News
Auto-enrolment process creates 'employee underclass'
Three out of four pensions professionals say employers should be free to statutorily enrol any employee they wish, even if current auto-enrolment age and earnings criteria are not met.
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News
Women unfairly targeted by pension anomaly
On the go: Women are being unreasonably affected by the net pay anomaly, according to government data, as pressure mounts on politicians to act.
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News
DWP self-employed savings trials disappoint
On the go: A Department for Work and Pensions trial of techniques to encourage more self-employed workers to save into a pension pot has failed to persuade many to log into their accounts.
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Features
Hundreds of thousands of micro pots suffer remorseless attrition
Data crunch: Eight years after the auto-enrolment revolution, millions of workers’ pensions are left languishing in master trusts when they move jobs.
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News
Govt maintains earnings trigger despite industry criticism
On the go: The government has opted to maintain the earnings trigger for automatic enrolment at £10,000 for 2020-21, despite long-held industry concerns that the current level is limiting pensions coverage among underprivileged demographics.
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Features
Authorised master trusts look ahead to supervision
The newly authorised master trust sector is bracing itself for a further increase in regulatory scrutiny as the supervision regime takes hold, since one-to-one supervision and annual statement requirements could amount to something approaching a “mini-authorisation” once a year.
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OpinionAll change for pensions in 2020?
Some surprises are less surprising in retrospect, and December’s general election was one of those events.
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News
The People’s Pension fee structure changes delayed
On the go: Changes to The People’s Pension charges structure have been delayed after a problem was encountered during testing.
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Features
More action needed to help self-employed women
Analysis: Reform should be pushed up the agenda to support self-employed women and reduce the biggest challenges of the gender gap, experts say.
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News
FCA scam warning: 22 years of pension savings gone in 24 hours
On the go: Victims of pension scams lost an average of £82,000 to fraudsters last year, equivalent to 22 years’ worth of savings evaporating within 24 hours, according to the Pensions Regulator and the Financial Conduct Authority.
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News
Master trusts welcome CDC in decumulation
Several master trusts would welcome the ability to offer a collective defined contribution solution for their members in decumulation, after the government hinted at such a possibility.
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Features
Sequencing risk – the scourge of DC retirees
Data crunch: Could you time your retirement to make the most of market conditions? Analysis of historical returns shows many drawdown customers are taking a blind punt on sequencing, raising questions about appropriate retirement products for an inert population.
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News
Government urged to force matching of voluntary contributions
The government should force employers to match voluntary pension contributions made above auto-enrolment minimums, according to investment platform Hargreaves Lansdown.
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News
Pension provider calls for legal duty to be placed on dashboard operators
An auto-enrolment pension provider is calling on the government for a legal duty to be placed on pensions dashboard operators to put consumer interests first, as a new report warns they could be put at risk without it.
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OpinionWhy we need to better understand Generation AE
The pensions industry is only just getting to grips with the needs and expectations of the first-time savers created by auto-enrolment. Nigel Peaple of the Pensions and Lifetime Savings Association explains the implications for pensions policy of ongoing research in this field.
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NewsHammond’s Budget looks to unlock DC savings for patient capital
The government is to consult next year on whether the charge cap for defined contribution default funds should be changed to unlock greater investment in patient capital, as part of a Budget with significant implications for DC savers.
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NewsThree big ideas for better member engagement
For all the successes of behavioural finance and auto-enrolment, the weight of retirement decisions on savers means member engagement is still important. Three experts pitch their ideas to improve scheme communications.