Government must get moving on removing AE earnings triggers
Waiting for the mid-2020s to allow AE members to save from the first pound means they will miss out on big boosts to retirement pots, says Nigel Stanley.
There is a strong case to start cutting the earnings threshold for auto-enrolment (AE) before the move to contributions from the first pound. To understand why, we need a little history. Initially,...
More on Defined Contribution
Master trusts slash prices to 'attract new business' after authorisation
Cost savings of up to 20% could be made by pension schemes if they move to a defined contribution (DC) master trust, according to Hymans Robertson analysis.
Former trustee admits £250,000 pension scheme fraud
The former trustee of a charity for the disabled has pleaded guilty to fraud after transferring more than £250,000 from the organisation’s pension scheme.
Member engagement must be 'urgently addressed' as a quarter never review their pension
Just under a quarter (24%) of employees never review their pension which shows a lack of engagement when it comes to retirement is a “real issue”, according to Close Brothers.
Industry Voice: The risk of relying on the status quo for DC investing
The UK pensions landscape has changed; we’re now seeing greater contributions into DC schemes than DB for the first time, prompting a shift from schemes to look beyond traditional asset classes to deliver best outcomes for members.