DC & Auto-enrolmentRSS

Are you ready for pensions in 2022?


CPD: Gowling WLG’s Ian Chapman-Curry looks forward to a momentous year for the pensions industry, with key parts of the Pension Schemes Act due to come into force and continuing progress on the pensions dashboards and defined benefit scheme funding regime, among others.

Opperman rules out mandatory guidance for 50-year-olds


Pensions minister Guy Opperman has ruled out the prospect of automatic appointments for 50-year-olds with Pension Wise as it would be expensive and ineffective.

Weekly Roundup: I’m on McCloud nine

High court building (teaser)

This week — High Court dismisses police officers’ McCloud review, calls for the government to rethink planned pension age increases, Nest closes its redundant — and confusing — Pre-retirement Fund, and Zedra acquires trustee services and governance provider PTL.

DC focus must ‘fundamentally shift’ from costs to value in 2022


Podcast: Darren Philp, director of policy and communication at Smart Pension, and Mike Ambery, partner at Hymans Robertson, discuss the defined contribution outlook, expanding auto-enrolment, and reforming Solvency II.

PLSA targets ‘adequate income’ for 2022

News on the go

On the go: Securing a policy regime that guarantees an adequate retirement income for most savers will sit at the top of the Pensions and Lifetime Savings Association’s list of priorities this year, it has announced, with the industry body advocating for the expansion of auto-enrolment.

Standard Life moves 1.5m savers into sustainable default funds

News on the go

On the go: Standard Life, part of Phoenix Group, is moving £15bn of assets and 1.5m pension clients to a default strategy that will mainly provide a passive, lower-cost sustainable solution.

Cushon Master Trust hires bond managers

News on the go

On the go: The £1.1bn Cushon Master Trust has appointed Wellington Management and Lombard Odier Investment Managers to handle the bond element of its new investment strategy, which focuses on sustainable investments and is launching in early 2022.

Société Générale transfers scheme to Aegon Master Trust

News on the go

On the go: Société Générale has announced the bulk transfer of its trust-based scheme into the Aegon Master Trust, a move it says will “enhance the savings journey” of 4,500 members.

Parliament moves to ban flat fees on small pots

News on the go

On the go: Regulations have been laid before parliament that will see flat fees banned for pots of under £100, which the government hopes will benefit hundreds of thousands of savers.

Nest closes Pre-retirement Fund after wide review


Government-backed master trust Nest has decided to close its Pre-retirement Fund following a review, since the fund was no longer appropriate due to the flexibility introduced by pension freedoms and the confusion its name caused among members.