Defined Contribution
The People's Pension, The Cheviot Trust and Atlas Master Trust receive authorisation
The People's Pension, Atlas Master Trust and The Cheviot Trust have been granted authorisation from The Pensions Regulator (TPR), taking the total number of authorised master trusts to 18.
Pension master trusts: The list of providers
Professional Pensions has compiled a list charting the progress of master trust authorisation. View our list in full here...
NEST joins Star Initiative as Opperman urges other to follow suit
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
What is value for money in DC pensions?
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.
Member representatives are vital for master trusts, but not as MNTs
Member-nominated trustees may not be feasible for master trusts, but representatives could improve communication with members, says Barry Parr
SEI Master Trust and National Pension Trust receive authorisation
SEI Master Trust and National Pension Trust have been granted authorisation, becoming the 14th and 15th master trusts to be given the stamp of approval by The Pensions Regulator (TPR).
L&G acquires MyFutureNow to provide 'dashboard view' of member pots
Legal and General (L&G) Retail Retirement has purchased a 100% stake in MyFutureNow - which specialises in pension pot tracing and consolidation - for an undisclosed price.
Six ways to boost your pension pot
Putting together a pension fund can be tricky to tackle, whether you have just set foot into the world of work, or have been working for years and are approaching retirement. Emily McKinnon looks at effective ways of saving for retirement.
Schemes must consider specific ESG allocation, says white paper
Analytical services company Camradata has published a white paper investigating defined contribution (DC) investment options and market challenges for investors.
L&G reports £6.3bn of bulk annuity sales in H1 as DC assets soar by 35%
Legal & General (L&G) completed £6.3bn of buy-ins and buyouts in the first six months of the year, with another £923m deal completed in July, the firm's half year results confirm.
Railways Pension Scheme and Aon DC master trusts receive authorisation
The Railways Pension Scheme's Industry Wide Defined Contribution (IWDC) Section and the Aon Master Trust have become the 12th and 13th master trusts to be authorised by The Pensions Regulator (TPR).
Darren Philp: We need an informed debate about costs and charges
Smart Pension's head of policy and communications says Now Pensions' AE index was propaganda but raises the issue of the long-term effect of charges.
TPR annual DC survey: Just 1% of small schemes meeting all governance standards
An overwhelming majority of smaller schemes are failing to meet all standards of governance and trusteeship, The Pensions Regulator's (TPR) annual defined contribution survey shows.
FCA to implement compulsory investment pathways for non-advised drawdown
Defined contribution (DC) drawdown providers will have to offer non-advised consumers investment pathways from August 2020, the Financial Conduct Authority (FCA) says.
Now Pensions launches AE cost comparison index showing 'devastating fees'
Now Pensions has launched an auto-enrolment (AE) cost comparison index to illustrate the long-term implications of fees charged by pension providers.
Exclusive: Finance professionals receive highest employer contributions in UK workforce
Finance and insurance professional's employer pension contributions average 9.5% - the highest among 17 industries offering defined contribution (DC), according to Profile Pensions.
Maybe 'pot follows member' wasn't such a bad idea after all
It is time to reconsider this potential solution to the plethora of fragmented pots, says Sir Steve Webb.
Businesses support expansion of AE to low earners
The extension of auto-enrolment (AE) to more workers is supported by around three-quarters of businesses, according to research by Scottish Widows and the Confederation of Business Industry (CBI).
HMRC has 'no clue' how many members have faced pension tax allowance fines
HM Revenue and Customs (HMRC) does not know how many people it has fined for breaching pension tax allowance rules, a Freedom of Information request has revealed.
Employers say master trusts are best pension for employees
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Breaking down barriers to DC schemes investing in private markets
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.
Average FTSE 100 employer DC contributions reach highest rate of 7.1%
FTSE 100 employer contributions to defined contribution (DC) schemes have increased from an average of 6.4% in 2018 to 7.1% this year, according to Willis Towers Watson.
NEST's assets under management more than double in one year
NEST is now managing £5.7bn on behalf of its members, more than double the £2.7bn it was managing at the same time the previous year.
Co-op Pace scheme switches to sustainable DC default
The £11bn Co-operative Group Pension Scheme (Pace) has chosen LGIM's future world multi-asset fund as its defined contribution (DC) default, switching £290m of member assets into the strategy.
