As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.
Pushing through a half-baked offering without all the data is an unnecessary risk “Green light for dashboards in 2019 puts pension savers in the driving seat.” That was the triumphant headline atop a Department for Work and Pensions press release, confirming the flagship project will go ahead as planned this year. This green light was […]
Personal Finance Society chief executive Keith Richards has said the FCA’s data on defined benefit data is not representative and risks spooking the public and insurers. Last week, the FCA said it would step up its supervision of DB transfer advice as its fresh data showed a significant majority of clients were being told to […]
The government must urgently publish its green paper on social care as 90 per cent of over 65s have no plan for social care funding, the Association of British Insurers says. The ABI argues a massive new campaign is needed to raise awareness of social care funding based on polling research from Populus alongside analysis […]