How to meet AE duties for furloughed workers
While furloughed workers are still entitled to pension contributions, Justin Corliss says employers must consider the impact of Covid-19 on their duties.
Coronavirus has had a significant impact on the UK and global economies, one which is likely to be felt for months and possibly years to come. Employers are facing many challenges just to keep businesses...
More on Defined Contribution
FRC issues £65k penalty and 'severe reprimand' against Richard Jones over GPG/Coats advice
The Financial Reporting Council (FRC) has imposed a severe reprimand and a financial penalty against Richard Jones in respect of misconduct relating to the actuarial advisory services he provided to Coats Group, the business formerly known as Guinness...
Trustees face court over prohibited employer loans
Two pension scheme trustees face court over allegedly making prohibited employer loans from a company pension scheme to its employer.
FCA proposes Pension Wise nudge for DC savers
Contract-based pension providers could be required to nudge savers to book Pension Wise appointments before accessing their savings.
PASA launches DC transfer working group
The Pensions Administration Standards Association (PASA) has launched a defined contribution (DC) transfer working group.
Adequacy model 'catastrophe' on horizon for DC members
Defined contribution (DC) pension members are heading for a “worse catastrophe than previously thought” with regards to adequacy models, according to PTL.
