Tim Sharp says NEST could kick start much needed innovation in the retirement income market
The Pensions Regulator (TPR) has said it "strongly encourages" providers to apply for the master trust assurance framework in the run-up to the introduction of its authorisation powers.
The reduction of the annual allowance in 2014 has caused a significant rise in the number of people breaching the limit.
Almost half (43%) of small businesses are leaving it until the last minute to comply with their auto-enrolment (AE) duties, according to new data.
Over two-thirds of the eligible population are saving into a workplace pension, reaching a new all-time high, according to the Office for National Statistics (ONS).
Charges are not a priority for members when it comes to value for money according to research of 11 providers and their independent governance committees (IGCs).
The Pensions Regulator (TPR) has announced it will increase inspections on employers to ensure they are complying with their auto-enrolment (AE) duties.
The National Employment Savings Trust (NEST) will not expand its decumulation offering to enter the drawdown market, the Department for Work and Pensions (DWP) has confirmed.
The AE review is considering bringing transaction costs into the DC charge cap, but such a move could lead to perverse behaviour that is not in members' best interests. Stephanie Baxter explores the arguments
Master trusts are increasingly becoming the defined contribution (DC) vehicle of choice for FTSE 350 companies as they ditch trust-based schemes.