Industry split on compulsory workplace pension membership
A narrow majority of this week's 108 Pensions Buzz respondents said there was no need to make workplace pension scheme membership mandatory.
This week's respondents also answered questions on advice to those transferring out of defined benefit schemes, the value of their asset maanagers, and whether defined contribution default investment strategies...
More on Defined Contribution
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.