About one third of employees will opt out of pensions when auto-enrolment comes into force after 2012, Legal & General says.
A survey of 107 people who will qualify for auto-enrolment into their employers' pension schemes suggests 33% will opt out. Just under a quarter of respondents said they did yet know what they will...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.