DWP launches review of charge cap on AE funds
The Department of Work and Pensions has launched a review of the charge cap on auto enrolment default pension funds. The government department is calling for evidence from the industry and seeking...
News
Exclusive: Group risk, group PMI and cash plan sector leaders revealed
Group income protection is the fastest growing product line in group risk, increasing the number of employees covered by 7 per cent in 2019 to over 2.6 million employees, according to the...
More work needed on FCA plans to improve value for money in pensions
Consultants and providers have responded to the FCA proposals to improve value for money in workplace pensions, saying more work is required to ensure fair and consistent assessments. Premier Pension head of...
FCA’s proposes new ‘value for money’ assessments on workplace pensions
The Financial Conduct Authority has launched a consultation on improving value for money on contract-based workplace pensions. These proposals aim to make it easier for Independent Governance Committees (IGCs) and Governance Advisory...
Insurers give “cautious welcome” to calls for pension tax relief reform
Insurers have given a cautious welcome to calls to simplify pensions tax relief but have warned a “pensions Isa” could undermine the success of auto-enrolment. Yesterday the ABI called for the government...
WPA offers second rebate to policyholders
Health insurer WPA is giving a second premium rebate to its PMI customers which will be paid by the end of June. It is expected this will be worth a total of...
ABI calls for flat rate pension tax relief
The Association of British Insurers has called for pension tax relief to be simplified, in order to reduce savings inequalities. This call for government action comes after the ABI commission a report...
‘Unique’ targeted emails in Aegon tool rollout
Aegon is rolling out a new version of its Member Insights tool for master trust and GPP clients that facilitates behaviourally-driven targeted emails to different groups of members. The provider’s dynamic governance...
High Court rules PPF payments ‘discriminatory’
The High Court has ruled that the cap on maximum compensation available under the Pension Protection Fund (PPF) flouts age discrimination rules. This ruling is likely to have widespread implications for the...
Adam Riley: Addressing the global retirement gap
Globally, experts are concerned many people could be sleepwalking into retirement poverty. The World Economic Forum highlighted that the gap between what people save and what is needed for an adequate standard...
