Aegon has withdrawn its offer to pay 50% of contributions for employers for their first three months of using its auto-enrolment hub due to an "exceptional market reaction".
When the insurer launched its platform last autumn it offered to pay 50% of the contributions of employers signing up as an introductory offer (PP Online 14 September 2012). However, a spokesman said:...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).