Auto-enrolment

As many as 30% of trustees say their schemes are unlikely to meet the needs of the majority of their members in retirement, according the Association of Member Nominated Trustees (AMNT).

The Pensions Regulator (TPR) has issued its first notice to an employer which has failed to meet its auto-enrolment (AE) duties.

Friends Life has reported neutral asset flows into its corporate benefits platform despite staging over 40 schemes for auto-enrolment (AE), its interim results show.

Aon Hewitt's top tips

Aegon has seen new business sales rise by 45% to £247m as a result of auto-enrolment and increasing platform and group pension sales according to its latest results.

Standard Life has added 135,000 employees to its corporate schemes, bringing total membership to 1.3 million.

Opt-out rates averaged around 9% in the first six months of auto-enrolment (AE), the Department for Work and Pensions (DWP) has confirmed.

Consultants providing auto-enrolment (AE) solutions are beginning to scale back bespoke offerings as the risks of non-compliance are too high.

The Pensions Regulator's (TPR) decision to publish a guide advising smaller employers to avoid trust-based defined contribution (DC) schemes has been slammed by the industry.

Jack Jones looks at how the regulator's advice steers employers away from small schemes