Failure to find an agreed definition of the ‘value for money’concept means trustees and providers are unable to provide schemes in the best interests of all members, according to the Pensions Policy Institute (PPI).
Standard Life has acquired platform Axa Elevate while Axa UK confirmed plans to sell off its Wealth business.
Peter Kane has been appointed as principal in Mercer's Glasgow office to help grow its business in Scotland and Northern Ireland.
PP takes a look at the first IGC reports to see how the
Standard Life has confirmed it is in early discussions with a number of payroll providers to improve its auto-enrolment (AE) proposition for members and employers.
Early exit charges for members wanting to access their pot at age 55 will be capped at 5% according to Standard Life.
Action must be taken to tackle the increasingly large gap in performance of auto-enrolment (AE) providers, according to a report by ShareAction.
Auto-enrolment (AE) would not be undermined if the Chancellor introduces a flat rate tax incentive in next month's Budget, according to Standard Life's Jamie Jenkins.
The People's Pensions has come out top for service according to research into auto-enrolment providers carried out by Pensions PlayPen.
Royal London and Johnson Fleming are among providers which have come top in the auto-enrolment (AE) rankings for 2015 produced by the Finance & Technology Research Centre (F&TRC).