Plans for transfer rules undermine freedoms
Requiring pension freedoms users to transfer their funds into a workplace pension scheme could damage savings further, says Baroness Ros Altmann.
The Financial Conduct Authority's (FCA) latest recommendations and consultations have profound implications for pensions. An issue that is, rightly, high on the regulator's agenda is defined benefit (DB)...
More on Defined Contribution
DC pensions on the fastest trajectory to dormancy; Covid-19 to cause 48% increase
The impact of the coronavirus pandemic on the UK labour market will cause a significant increase in the number of dormant pension pots in 2020, with defined contribution (DC) schemes most affected.
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.