Auto-enrolment

Aegon has announced an increase in fund charges on some of the insured funds on its savings platform Aegon Retirement Choices (ARC).

This week respondents backed calls for The Pensions Regulator (TPR) to run a register of charges and for Local Government Pension Schemes (LGPS) to be merged, but said there is no role for paternalism in auto-enrolment (AE).

More than four out of five respondents said employers had no moral obligation to persuade staff to participate in a scheme once they had been auto-enrolled and had opted out.

Naomi Rainey examines the government's proposals

Naomi Rainey looks at the industry’s response to the DWP charge cap consultation

Pensions minister Steve Webb has called on the Association of British Insurers (ABI) to conduct its audit of high-charging legacy schemes "far faster".

Which? has launched a campaign for an annual management charge (AMC)cap of 0.5% for all schemes, despite claims this would outlaw the National Employment Savings Trust (NEST).

Legal & General's (L&G) workplace platform assets under administration (AUA) rose to £7.9bn after a net-inflow of £400m, its Q3 update shows.

Pension savers in defined contribution (DC) schemes could see their pots increase by a third if the government moved to introduce collective DC schemes, according to a report.

The majority of respondents back calls for the auto-enrolment (AE) opt-out to be removed. Six out of ten contributors said this could be necessary, while just a quarter rejected the idea.