This week's top stories include Smart Pension and Legal & General revealing a prototype demo of their workplace retirement income product, combining drawdown and annuities.
Four trustees of the Salvus Master Trust have been fined by The Pensions Regulator (TPR) for failing to promptly invest £1.4m of member contributions.
The Pensions Regulator (TPR) should reveal the names of master trusts that will not apply for authorisation and take a measured approach, industry experts have said.
Alan Pickering says we have been blindly pursuing cost reductions in pension administration without really appreciating the consequences
Jonathan Stapleton says while the new rules will ensure master trusts are well run and have good systems, they won't necessarily ensure members are in the best schemes
Savers face a huge number of options at-retirement. Steve Goddard believes this 'dartboard of choice' should be take away and an additional layer of trustee governance is needed to protect members in the deculmulation phase
Hymans Robertson has unveiled research analysing investment performance across the 16 largest master trust default funds. Kim Kaveh explores the data.
The Pensions Regulator (TPR) is set to toughen its approach to single-employer defined contribution (DC) trusts and will pilot two initiatives to boost governance over the coming months.
This week's top stories include the Ombudsman's determination against Royal London, and the ECJ's ruling that PPF compensation must amount to 50% of member benefits.
Ros Altmann says emerging concerns surrounding the accuracy of AE records, especially for smaller employers' staff, are disturbing.