DWP launches consultation into DC investment; looks at 'nudging' consolidation of smaller schemes
The Department for Work and Pensions (DWP) has published a consultation, putting forward a range of proposals that aim to expand defined contribution (DC) investment opportunities.
Unveiled today (5 February) - the consultation document includes proposals which would require larger DC schemes to document and publish their policy in relation to investment and illiquid assets, and...
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PLSA publishes template for DC chair's statements
The Pensions and Lifetime Savings Association (PLSA) has published a drafting template to help defined contribution (DC) scheme trustees produce their annual chair’s statements.
ESG-conscious Nest members neglecting pensions
Nest members are making changes to their everyday lives to be more environmentally or socially responsible, but failing to take the same action on their pensions, the provider says.
McClymont: The power of AE inertia is not too powerful
Gregg McClymont says AE schemes make it easy to opt-out should members feel contributions are not in their best interest
TPR issues warning over DC allocations to alternative funds
Trustees of defined contribution (DC) schemes redirecting contributions made during Covid-19 to alternative funds should check they’re not unintentionally breaching pension legislation, The Pensions Regulator (TPR) warns.
IFS: Has AE been too successful?
Thousands of the country’s most financially insecure individuals are remaining in auto-enrolled schemes even if it may not be in their best interests to do so, the Institute for Fiscal Studies (IFS) finds.