NEST is now managing £5.7bn on behalf of its members, more than double the £2.7bn it was managing at the same time the previous year.
As of 31 March, the government-backed auto enrolment (AE) provider had 7.9 million members, compared to 6.4 million in March 2018. The scheme's annual report and accounts - published on 11 July - showed...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter