UK - Prudential has outsourced the management of its entire small self-administered scheme (SSAS) portfolio to James Hay Pension Trustees.
James Hay will provide full actuarial and administration services to more than 520 schemes for Prudential, and has set up a dedicated team at its Bolton administration centre.
The Department for Work and Pensions (DWP) will develop and test new ways to include 4.8 million self-employed workers in pension savings.
Opt-out rates at the end of June 2018 "remained consistent" with levels before the April contribution rate increase, according the Department for Work and Pensions (DWP).
The Pensions Regulator (TPR) has appointed Charles Counsell as its new chief executive, who will take over from Lesley Titcomb next year.
The Financial Reporting Council (FRC) should be abolished and audit and advisory businesses should be split into separate entities to improve the sector for both savers and investors, two reports published today say.