Admin / Technology

Local authorities will have to overhaul administration systems before changes to the Local Government Pension Scheme in 2014, warns a provider.

HMRC has issued guidance confirming salary sacrifice pension schemes will be able to meet automatic enrolment requirements.

Almost one in five schemes say they have suffered from fraud in the past two years, representing a 55% rise compared to last year, according to research from Baker Tilly

The National Employment Savings Trust has launched a four-week auto-enrolment awareness campaign called ‘Tomorrow is worth saving for' on social media.

The Pensions Administration Standards Association has launched a consultation on the contents of the standards and measurements guidance it intends to publish.

MyCSP has secured 15 contracts to administer public sector schemes including those of the House of Lords, the Food Standards Agency and the Electoral Commission.

Her Majesty's Revenue and Customs has proposed to fine employers and pension schemes £100 each time they fail to update details in real time.

Providers are split on whether employers or insurers have responsibility for holding employee contributions during opt-out periods.

An actuarial and consultancy procurement framework for local government pension schemes will launch next month promising "better prices" for schemes.

The government will not come to a firm answer on the question of small pension pot consolidation despite an industry-wide consultation on the issue initiated by pensions minister Steve Webb.