News

The Common Declarations Working Group has devised an agreed set of words to remove the need for paper-based forms to make pension transfers.

The Pensions Regulator has warned there are real risks from new master trusts being subject to far less regulatory scrutiny than new contract-based providers.

Defined contribution (DC) schemes have reduced in number by 40% according to figures from The Pensions Regulator.

The Pensions Regulator (TPR) has revealed more than 90% of small employers have completed auto-enrolment (AE) but it had to issue a record number of compliance notices to make it happen.

Andy Seed has been appointed corporate distribution manager for strategic partnerships at Zurich Corporate Savings.

Statistics from HM Revenue and Customs (HMRC) have revealed 188,000 people have accessed around £3.5bn since freedom and choice came into effect last April but figures tailed off at the end of 2015.

Royal Mail Pension Plan is the first scheme to have its in-house administration team gain reaccreditation from the Pensions Administration Standards Association (PASA).

DB schemes will not vanish from FTSE 250 companies in the next 12 months according to PP research.

FOMC takes more dovish tone

Self-employed people would rather invest cash into savings accounts, cash ISAs or property than pay into a private pension, according to research by Citizens Advice.