The Pensions Administration Standards Association (PASA) has published its first batch of guidance on defined contribution (DC) master trust transition, as further consolidation is expected.
The guidance - published today (26 November) - was created by PASA's master trust transition working group (MTTWG), which consists of a number of industry members with DC expertise from firms including...
The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.
The pensions industry must personalise interventions and auto-enrolment (AE) conversations to prevent members from squandering their pots at retirement age, according to industry experts.
Legal & General Investment Management (LGIM) has incorporated ESG considerations as well as its climate impact pledge into the default funds for the 3.3 million members in its master trust and contract-based schemes.
Schemes and their administrators have rightly received much praise for ensuring that pensions have continued to be paid in full and on time during an unprecedented period of disruption.
London Borough of Hammersmith and Fulham to transfer pensions administration services following review
The London Borough of Hammersmith and Fulham is looking to transfer its pensions administration service to a new provider towards the end of 2021, following an independent review.