We've heard some great stories about auto-enrolment. Companies are working hard to put pension structures in place and communicate the benefits to employees. This seems to be bearing fruit with early indications suggesting low opt-out rates.
This is great news but it would not do to become complacent. The companies staging now are large. They have access to advisers to guide them through the process and many, if not all of them were already...
Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering
Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.
Guy Opperman says two page, simpler statements as well as an annual ‘season’ in which to issue them could be transformative steps for the UK pensions industry
A second pensions bill is likely during the “life of this parliament”, according to pensions and financial inclusion minister Guy Opperman.
A “legitimate debate and discussion” is needed over future auto-enrolment (AE) contribution rates, says Guy Opperman, and that could take place next year.