ACA urges government to head off danger of rising opt-outs
The success of auto-enrolment (AE) could be undermined by rising opt-out rates when minimum contributions increase in 2017 and 2018, the Association of Consulting Actuaries (ACA) has warned.
Its pension trends survey published today reveals that millions of workers have been enrolled since 2012 at minimum levels of combined employer and employee contributions of barely 2% of total earnings....
More on Defined Contribution
FCA data reveals over £20bn of DB transfers between 2018 and 2020
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
PensionBee launches flexible offering for self-employed
Online provider Pension Bee has created a flexible pension for self-employed savers, allowing them to make contributions according to their income.
Trustees will need to be corporate finance experts under new TPR powers
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.
Is mediation set to become the new normal for pension disputes?
Mediation has been under-utilised historically as a means of dispute resolution in this area. Mark Blyth and Geoff Egerton think this is going to change.
TPR response to funding code consultation reveals level of industry concern over twin-track regime
The Pensions Regulator (TPR) has published the interim response to its first defined benefit (DB) funding code consultation – highlighting the depth of industry concern around its proposed twin-track regime.
