Now Pensions

Our monthly round-up of the most important articles PP published last month

Pension professionals back holding another round of pensions tax simplification

Merger pressures for small DC schemes and a rumoured Treasury ‘tax raid’

‘Insufficient’ state action means whole market must work together to tackle climate change

Chancellor Rishi Sunak must conclude the net pay review in the upcoming Budget to support the retirement income of low-paid workers, Now Pensions says.

Pension savers who work multiple part-time jobs are likely to reach retirement with pension wealth equivalent to just 6% of the average man’s, Now Pensions finds.

The master trust industry is unlikely to breakeven on costs until around 2025, with the big four providers having already spent £1bn on setting up their offerings, research by the Pensions Policy Institute (PPI) finds.

The government must take radical and immediate action to stop small pension pots undermining the success of auto-enrolment (AE), Now Pensions says.

The government’s furlough scheme has hit pension contributions by 25%, higher than the 20% wage cut the scheme offers, according to research by Now Pensions.

The Department for Work and Pensions’ consultation on increasing the general levy has closed. Holly Roach looks at the industry’s response to its proposals