Now Pensions
Multiple jobholders face 46% less than the baseline population's pension income
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.
PPI report flags concerns over financial sustainability of master trusts
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.
Master trusts set to swallow 27 million deferred pots; New task force suggested
The government must take radical and immediate action to stop small pension pots undermining the success of auto-enrolment (AE), Now Pensions says.
Furlough scheme hits pension contributions by 25%
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.
General levy increase gets broadly negative response from industry
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
Female financial independence is vital - and best practice begins at home
Women need greater support to engage with and understand their own wealth as well as their partner's, including preparing for retirement, writes Laura Miller.
BCF and Carey master trusts granted authorisation as regime hits one-year mark
The Carey Workplace Pension Trust and BCF Pension Trust have been granted authorisation, leaving just six master trusts waiting for approval from The Pensions Regulator (TPR).
Cardano completes Now Pensions acquisition
Cardano Group has completed the acquisition of Now Pensions, a week after the master trust received authorisation from The Pensions Regulator (TPR).
Five stories you may have missed this week
This week’s top stories include Thomas Cook’s four pension schemes being poised to enter a Pension Protection Fund assessment period.
Darren Philp: We need an informed debate about costs and charges
Smart Pension's head of policy and communications says Now Pensions' AE index was propaganda but raises the issue of the long-term effect of charges.
Now Pensions launches AE cost comparison index showing 'devastating fees'
Now Pensions has launched an auto-enrolment (AE) cost comparison index to illustrate the long-term implications of fees charged by pension providers.
Five stories you may have missed this week
This week's top stories included BESTrustees converting into an employee ownership trust, and XPS Pensions Group publishing its full-year results.
Now Pensions chief executive steps down with immediate effect
Now Pensions chief executive (CEO) Troy Clutterbuck has stepped down from the role with immediate effect.
Net-pay anomaly risks damaging confidence in AE
The net-pay anomaly is unfair on the lowest-paid savers who need the top-up, argues Adrian Boulding.
Living Wage Foundation campaign to tackle work insecurity still leaves workers ineligible for AE
The Living Wage Foundation has launched a campaign to tackle work insecurity after research found one in six workers are in low-paid, unstable work.
'Casualties expected' as final master trusts apply for authorisation
The last of 38 master trusts expected to apply for authorisation have now submitted their applications to The Pensions Regulator (TPR), its latest update reveals.
The big issue with small pots
Troy Clutterbuck says action must be taken by all involved to ensure that the £400m - and growing - of unclaimed pension savings are not lost entirely
TPR grants authorisation application extension to Now Pensions as Waterson steps down
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.
Cardano agrees acquisition of Now Pensions
Cardano Group has agreed to acquire 100% of workplace pension provider Now Pensions with just over six weeks to go until the master trust authorisation deadline.
TPR confirms end to 'serious' admin issues at Now Pensions
Now Pensions has overhauled its administration system after historic issues caused a failure in collecting and investing around 265,000 members' contributions.
Adrian Boulding: My pension predictions for 2019
NOW Pensions' director of policy says this will be the year when the net-pay anomaly becomes too awkward to ignore, and predicts LISA will have its own lifetime curtailed
HMRC 'looking at opportunities' to address net-pay tax anomaly
The government is set to review an anomaly which sees lower-paid workers in the majority of master trusts lose out on tax relief, it has confirmed.
Morten Nilsson appointed chief executive of BT scheme's management firm
The BT Pension Scheme (BTPS) has appointed Now Pensions founder Morten Nilsson as chief executive of its investment management and advisory arm.
Govt urged to take action on net pay anomaly as experts sign letter to chancellor
Industry heavyweights have urged chancellor Philip Hammond to take action on the net pay pensions tax relief anomaly which affects lower-paid earners.
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