The September edition of DC and Auto-enrolment looks at two tier pension schemes and how partnerships are helping businesses deal with auto-enrolment.
Recently we have seen several cases of DC providers collaborating with low cost pension providers such as NEST and The People's Pension to offer two tier pension arrangements.
The rationale behind such decisions seems clear. If certain providers are unable to service lower paid workers then collaborating with those who will can save employers a great deal of stress.
However, reading through the auto-enrolment panel in this supplement (pages 6-10) highlights that such partnerships may not be straightforward.
Hargreaves Lansdown's Lucy Lawrance points to several challenges. For instance, how will the different providers' systems work together? Will they need to be adapted and if so who takes responsibility for that? How much will it cost to do so?
These are important issues that will need to be addressed quickly if these collaborations are to work well. I think we are in for interesting times ahead!
The trustees of the Alcatel-Lucent Pension Scheme have agreed a £100m pensioner buy-in with Pension Insurance Corporation (PIC).
The collective deficit of the UK's defined benefit (DB) scheme has shrunk by more than £200bn due to the inauguration of Donald Trump as US president, Hymans Robertson says.
Scottish Widows will remove early exit fees across all of its workplace and personal pension policies ahead of the charge cap deadline.
The Tax Incentivised Savings Association (TISA) has made two senior appointments to its policy and retirement teams.