The Pensions and Lifetime Savings Association (PLSA) has launched a Local Government Pension Scheme (LGPS) industry research project to identify scheme best practices and future challenges.
The Pensions Dashboard Programme (PDP) has published an updated timeline outlining steps and timings for data providers to enable the industry to prepare for connecting with the dashboard ecosystem.
The take up of the Cost Transparency Initiative (CTI) framework by pension schemes has increased by nearly 25% since May 2020, with the Pensions and Lifetime Savings Association (PLSA) lauding its “tangible benefits” for schemes.
Nearly eight in ten employees have a workplace pension today compared to less than half of people when auto-enrolment (AE) was introduced in 2012, according to a report by the Office for National Statistics (ONS).
Millions of workers are set to face “life changing retirement shortfalls” as lower growth forecasts could wipe a third off pot values, according to Lane Clark & Peacock (LCP).