News

Auto-enrolment is the biggest challenge employers and the pensions industry face today.

A Labour government would force small, poorly-performing schemes to merge, shadow welfare secretary Liam Byrne will announce today.

This week respondents support the ban on consultancy charging, endorse elected member-nominated trustees, and are equivocal on the benefits of collective defined contribution.

The European Commission (EC) has dropped plans to include solvency requirements in an overhauled pensions directive to be presented this autumn.

The Pensions Administration Standards Association (PASA) has published its code of conduct on administrator provider transfers in hope of ironing out issues in the industry.

Trustees and schemes are at risk of significant problems because administrators are withholding information, according to advisers.

Schemes are delaying de-risking plans and reviewing automatic triggers as sponsors increasingly believe gilt yields will rise in the short term, a senior actuary says.

Loan notes are becoming popular in asset-backed funding as pension schemes and sponsors increasingly use special purpose vehicles (SPVs) to reduce scheme deficits, lawyers say.

The Department for Work and Pensions (DWP) is still examining how auto-enrolment will apply to hybrid schemes after the draft Pensions Bill failed to close a loophole.

The Department for Work and Pensions (DWP) must avoid penalising the largest employers when it simplifies auto-enrolment legislation, warn consultants.