Extending auto-enrolment (AE) to workers in the gig economy could grant them a lump sum of £75,600 at retirement, Zurich and Pensions Policy Institute (PPI) research suggests.
Using a model of AE where gig economy workers put away 4% of income into a pension, as suggested by the Taylor review, this could lead to an annual income of £13,500 if the state pension is included...
Defined contribution (DC) chair’s statements need a major re-think as part of the Department for Work and Pensions’ five-yearly statutory review on the rules around scheme governance in 2021, LCP says.
Trustees must undertake a five-step process urgently if they are seeking to move their single-employer defined contribution (DC) scheme into a master trust, says Premier.
Workplace savings fintech Cushon has expanded its acquisition target to include pension-focused businesses as well as master trusts.
Auto-enrolment (AE) remained resilient during the Covid-19 pandemic and in the wake of minimum contribution increases, according to a report by Nest Insight.
Transfers to defined contribution (DC) master trusts will continue well into 2021, latest research from Sackers reveals.