DWP issues default fund guidance
The Department for Work and Pensions has issued non-regulatory guidance on offering a default fund for auto-enrolment defined contribution schemes.
At this stage the guidance, published today, is non-regulatory but DWP said it may consider issuing statutory instruments to uphold it and protect members' interests if there is strong evidence to suggest...
More on Defined Contribution
DC pot first-time access hit high record in March
Savers accessing defined contribution (DC) pension pots for the first time rose to an all-time high just before the coronavirus pandemic, Just Group says.
Nest: Covid-19 the 'first big shock' to test AE durability
The premise of auto-enrolment (AE) as a tool to boost both short- and long-term financial resilience will face its first true test as the effects of Covid-19 continue to play out, says Nest.
Salvus selected as replacement master trust for Ascot Lloyd members
Salvus Master Trust is set to replace the Ascot Lloyd Pension Scheme, which exited the market last year after ten years as master trusts faced tough hurdles to become authorised.
Master trusts set to swallow 27 million deferred pots; New task force suggested
The government must take radical and immediate action to stop small pension pots undermining the success of auto-enrolment (AE), Now Pensions says.
DC schemes show Covid-19 recovery trend
Defined contribution (DC) pensions are showing positive signs of market recovery after dramatic falls in the number of expected retirements this year due to the ongoing coronavirus pandemic.
