The Tax Incentivised Savings Association (TISA) is to develop guidelines helping firms deal with data around lost customers and unclaimed assets.
The trade association's initiative comes after a recent data quality survey along with a series of workshops. It said firms are underestimating the extent of lost clients and need to undertake tracing...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.