Defined Contribution
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.
Mercer receives master trust authorisation
The Mercer Master Trust has become the 11th to receive authorisation from The Pensions Regulator (TPR), following its application submission in February.
Pensions minister: Saving trends on right track but we must go further
With record numbers saving for retirement, Guy Opperman says we have an opportunity to make it easier for people to engage with their pensions
NEST Insight partners with Invesco to support 'ambitious' programme of work
NEST Insight has teamed up with Invesco to boost its programme of research, publications and events, in order to help address the challenges facing its eight million members.
PLSA invites PQM applications and announces committee members
The Pensions and Lifetime Savings Association (PLSA) is inviting applications for its Pension Quality Mark (PQM), after making changes to the minimum requirements.
TPT, Standard Life and Fidelity receive master trust authorisation
Four more master trusts have received master trust authorisation from The Pensions Regulator (TPR), taking the total number of authorised schemes to 10.
Aviva launches ESG-focused DC default strategy
Aviva has launched a defined contribution (DC) default investment strategy for its workplace pension clients, incorporating ethical and ESG considerations.
A liquid alternative?
In Newton Investment Management's latest DC column, Paul Flood considers the role of liquid real assets in default strategies
Smart Pension launches simpler annual statement
Auto-enrolment (AE) provider Smart Pension has launched a simplified and standardised two-page annual statement, which members can view on its online app.
Third of women have no pension plan, finds Willis Owen
Just over a third of women claim they do not have a pension plan compared to 17% of men, a Willis Owen survey has found.
Female participation in workplace schemes soars as a result of AE
The number of women participating in a workplace pension has increased by 70% since auto-enrolment (AE) began, analysis by Equiniti reveals.
NEST partners with RepRisk and Sustainalytics to identify and screen ESG risk
NEST will work with RepRisk and Sustainalytics to identify emerging ESG risks and screen out certain assets from its members' portfolios, the master trust has announced.
Net-pay anomaly risks damaging confidence in AE
The net-pay anomaly is unfair on the lowest-paid savers who need the top-up, argues Adrian Boulding.
Master trusts must embrace greater diversity of trustees
Improved diversity on master trust boards can enable greater understanding of wider socioeconomic circumstances, argues James Phillips.
KAS Bank launches transparency product for chair's statements
KAS Bank has launched an end-to-end cost transparency solution for defined contribution (DC) schemes to assist in the delivery of chair's statements.
UK retirees outlive their savings by a decade, finds World Economic Forum
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Government must show leadership on AE
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
NEST move on tobacco shows way forward for member engagement
While there has been a surge in the number of people investing for retirement, Jonathan Stapleton says too few are engaged with their investments and explains why this must change.
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