Auto-enrolment

The pensions and financial inclusion minister has rejected suggestions that the government is dominated by Brexit discussions and has no time to deal with pensions issues.

Master trusts have escaped significant regulatory scrutiny despite their surge in usage under AE since 2012, but this will soon change. James Phillips reports.

The government has spent £13.25m on advertising for Pension Wise since 2014, with an additional £4.5m planned this tax year.

This week's top stories included 2020 Trustees being fined for failing to produce two chair's statements.

But 'clearer case' for change expected in 2020

Professional trustee firm 2020 Trustees was fined £4,000 for failing to produce two chair's statements between July and September 2017, The Pensions Regulator (TPR) has revealed.

Employers which pay just lip service to their auto-enrolment (AE) duties risk being sued if members fail to receive good outcomes, according to Royal London and Eversheds Sutherland.

The Pensions Regulator (TPR) has successfully prosecuted a bus company and its managing director for deliberately failing to provide staff with a workplace pension scheme.

Smart Pension is seeking to introduce a mechanism whereby its savers can add to their pension pot when making purchases online or the high street.

A raft of consultations and draft regulations will greet the industry over the coming weeks and months, the pensions and financial inclusion minister confirms.