Communication and overall project management are the biggest concerns facing pension professionals in the current market, according to a poll conducted at the Pensions and Benefits Show 2013.19 Jun 2013
Now Pensions has been appointed auto-enrolment (AE) provider for leisure chain Fitness First.18 Jun 2013
The Pensions Regulator (TPR) is expanding its compliance unit to enable it to ‘proactively investigate’ companies and industries with a high risk of failure to comply with auto-enrolment duties.13 Jun 2013
McDonalds has reported opt out rates of less than 2.5% after auto-enrolment (AE) staging.12 Jun 2013
Early opt-out rates for auto-enrolment (AE) are “skewed” by employer size, KPMG DC director Andy Seed warns.12 Jun 2013
Pensions minister Steve Webb has said he envisages automatic transfers being used in defined benefit (DB) schemes to counter the issue of deferred members.12 Jun 2013
HM Revenue and Customs has launched a consultation on two new forms of protection for people caught unfairly by the government’s most recent cuts to the lifetime allowance (LTA).12 Jun 2013
Pensions minster Steve Webb is praising employers for “stunning examples” of firms going the extra mile to engage employees during auto-enrolment (AE) resulting in opting-in becoming the norm.12 Jun 2013
The Pensions Regulator (TPR) today published its code of practice on maintaining contributions, and included a list of instances when trustees must report payment failures.07 Jun 2013
The Pensions Regulator (TPR) has relaxed proposed guidelines on how trustees and providers of auto-enrolment schemes should report missed payments, after concerns were raised by the industry.07 Jun 2013
Standard Life and Punter Southall Defined Contribution Consulting (PSDCC) have signed a strategic auto-enrolment (AE) deal for small to medium enterprises (SMEs).06 Jun 2013
UK employers incorrectly believe they are prepared for auto-enrolment, while in fact they are falling short of compliance by relying on ‘blanket pension arrangements’, consultants have warned.05 Jun 2013
The National Employment Savings Trust (NEST) has more than doubled its membership figures within the last month, according to its latest figures.05 Jun 2013
Pensions minister Steve Webb has confirmed that an update for the defined ambition (DA) project will be published in the summer.04 Jun 2013
The Department for Work and Pensions (DWP) will call for evidence on quality standards across all defined contribution schemes later this year.30 May 2013
A number of smaller employers are planning to avoid auto-enrolment compliance citing the legislation as “designed solely to allow the government to steal more money.”28 May 2013
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.28 May 2013
Auto-enrolment is the biggest challenge employers and the pensions industry face today.28 May 2013
Over 90% of employees in FTSE100 companies are taking up pension schemes where their employers are auto-enrolling members, research from Towers Watson has found.22 May 2013
CSC is introducing a bonus and reward programme to its 7,500 UK staff and is also delaying its auto-enrolment staging date by three months.21 May 2013
The programme for the Pensions and Benefits Show, which takes place on 12-13 June at ExCel in London, has now been unveiled.
WSB has launched the Workplace Savings and Benefits Awards 2013 - the only award event to recognise both employer and provider excellence.
The World Economic Forum’s Global Risks 2013 report is developed from an annual survey of over 1,000 experts from industry, government, academia and civil society who were asked to review a landscape of 50 global risks.
Aviva has successfully supported employers through staging and implementation of auto-enrolment. Thankfully, none have needed the thornbush, and none have come close to the cliffs, but all have struggled at times with the enforced downhill speed toward their staging date. So what have we learned so far?