Now Pensions
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.
The worst and best performing master trusts
Hymans Robertson has unveiled research analysing investment performance across the 16 largest master trust default funds. Kim Kaveh explores the data.
'More detail' needed on TPR's master trust supervision policies
Initial responses to The Pensions Regulator's (TPR) consultation on how master trusts will be supervised says it lacks detail on some of its policy proposals, including pause orders.
Five stories you may have missed this week
This week's top stories included the 'Buck' name being revived as Conduent sold off the HR consulting business to a private equity investor.
Exclusive: Now Pensions making 'huge progress' to rectify admin issues
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Government set to 'examine' pensions tax relief system
The government is set to take a close look at the current pension tax relief system, Baroness Buscombe revealed in a speech to the House of Lords last night.
Two-thirds of AE providers 'have no policy to prevent chemical weapon investments', says research
Six out of nine automatic enrolment (AE) providers have no policy to prevent investments in companies that profit from chemical and biological weapons, according to analysis by ShareAction.
Five stories you may have missed last week
Last week's top stories included ITM completing a management buyout backed by private equity, and the regulator publishing its corporate plan for the next three years.
Master trusts failing low paid earners on pensions tax relief
Low income earners in the majority of master trusts are missing out on tax relief on their retirement savings due to a legislative technicality, according to research.
Four in five employees to stay in AE pensions as rate rises
The majority of employees will stay opted into their automatic enrolment (AE) scheme despite their pension contributions tripling, Now Pensions research finds.
Over a quarter of businesses in the dark on AE contribution increases
Some 28% of senior business decision-makers are unaware that automatic enrolment (AE) minimum contributions are increasing next month, according to Now Pensions research.
Exclusive: Now Pensions opt-outs higher among women across all age groups
Average opt-out rates for 22- to 29-year old female members were 5% in December compared to 3% for men - a trend that accelerates across older groups, according to Now Pensions analysis conducted exclusively for PP.
Watchdog fines Now Pensions trustee £70,000; imposes deadline to fix administrative issues
The trustee of master trust Now Pensions has been fined and given a set of stringent deadlines to fix long-running pension scheme issues, The Pensions Regulator (TPR) announced today.
Is the master trust authorisation regime the right approach?
Master trusts will need to be authorised by the regulator from October, but the current framework is still a draft. James Phillips explores if it's ready.
Now Pensions invests £65m in green bonds
Now Pensions has invested approximately £65m worth of green bonds through its diversified growth fund (DGF).
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