Ten master trusts will pay at least 25% of the total general levy despite holding just 2% of assets, according to The People’s Pension (TPP).
The levy is set by the Department for Work and Pensions (DWP) and is in place to cover the cost of running The Pensions Regulator, The Pensions Ombudsman, and part of the activities of the Money and Pensions...
The government must take advantage of its majority to push through further reforms to auto-enrolment, says James Phillips.
The general election showed an increasing focus on collective over individual interests. CDC could fit right in, says Hilary Salt.
Collective defined contribution (CDC) schemes will offer members and employers a more satisfactory balance between affordability and security if they can meet both parties’ needs, according to Unbiased.
The Net Pay Action Group (NPAG) is urging the government to deliver on its manifesto pledge to review unfair tax rules in pensions.
A Hertfordshire-based recruitment agency and its managing director have been ordered to pay £10,890 after misleading The Pensions Regulator (TPR) over its workplace pension arrangements.