The majority of employers who have successfully introduced auto-enrolment (AE) are only contributing the minimum legal amounts, according to Department for Work and Pensions (DWP) research.
The Employers' Pension Provision survey 2015 conducted by IFF Research on behalf of DWP found that three in five (62%) of staged employers were only contributing the minimum 1% of qualifying earnings....
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.