Smart Pension

DWA analysis reveals a £2,923 value gap in first quarter DC default performance

Flat fees will be banned on pensions worth below £100 in a bid to end the erosion of small pots, the Department for Work and Pensions (DWP) has confirmed.

Here it is, our monthly digest of the most important pension articles Professional Pensions has written and published over the last month, along with some contextual notes.

Chair’s statements are failing to achieve the multiple policy goals they were designed for, the Department for Work and Pensions (DWP) has conceded.

Darren Philp says the dashboard programme team should be congratulated on the work it has done to put together a properly scoped out and stress tested plan that will maximise the chance of the project's success

This week’s top stories include the government’s renewed focus on superfunds and Smart Pension’s commitment of £100m to a defined contribution private market default strategy.

The Smart Pension Master Trust has allocated £100m of its default assets to seed a blended private market illiquids fund being launched by Natixis Investment Managers.

The Department for Work and Pensions (DWP) has confirmed that it will increase the general levy pension rates from April 2021 in line with its preferred option.

Hurdles remain before dashboard implementation, writes Holly Roach.