News

Confusion over the definitions of pay reference periods for auto-enrolment contributions could lead to employers underpaying pension contributions, a lawyer has warned.

National Employment and Savings Trust Corporation has revealed it saw a 40% opt-out rate following its auto-enrolment staging date.

The Pensions Regulator chairman Michael O'Higgins has urged trustees to consider equity and infrastructure investment in a bid to avoid "reckless prudence" in investment strategies.

Quantitative easing has cost defined benefit schemes £90bn but smoothing may be "too little, too late", the National Association of Pension Funds warns.

Former tax boss Andrew Meeson set up the allegedly "fictitious" Moya pension schemes at the behest of convicted fraudster Thomas Scragg, a court heard yesterday.

Royal Borough of Kingston upon Thames pension fund has hired Aon Hewitt as its investment consultant ahead of a review of the fund's investment strategy and asset allocation.

State Street Global Advisors has unveiled fresh details of its drive to increase its share of the UK defined contribution market, including a move towards direct transactions with employers and trustees.

Plans to give The Pensions Regulator a statutory responsibility to consider the affordability of recovery plans for sponsoring employers will make little difference, says the watchdog's chairman.

A "simplification" of auto-enrolment legislation will be carried out in around a year's time, Steve Webb has said.

The combined deficit of all UK schemes increased by £150bn last year to reach a total of £550bn, research by Xafinity shows.