Low-paid workers who are likely to opt-out of auto-enrolment could be offered a pensions lifeline via a little-known clause in the legislation that permits companies to offer employees schemes with lower savings requirements, Helm Godfrey says.
The employee benefits consultant said auto-enrolment rules will mean all employers will have to provide a pension scheme into which, by 2018, contributions equal to a minimum of 8% of enrolled employee's...
Some 96% of trustees are ready for upcoming ESG regulations which will require schemes to agree their approach to responsible investment, according to Hymans Robertson.
Schemes already face a legislative requirement to carry out transfers promptly and efficiently, so they should voluntarily get on board with the industry-developed solution, says Tom McPhail
Professional Pensions' expert Brexit Advisory Panel discusses the key considerations for schemes ahead of the UK's potential exit from the European Union
Professional trustees can improve scheme governance, clear up misunderstandings, and ensure regulatory compliance, argues David Fairs
The director of a professional trustee firm is being prosecuted by The Pensions Regulator (TPR) for failing to provide information and documents requested as part of an ongoing investigation.