Category Archives: Payroll
The Regulator’s right to be cautious about mastertrusts
Over the past two years we’ve seen a number of multi-employer occupational schemes spruced up for auto-enrolment. We’ve seen a number of insurers and asset managers set up as the providers of master trusts. We’ve had a few financial advisers … Continue reading
Pensions dead by 2050 – taking the Michael?
The Daily Telegraph, which through Richard Evans has started writing sharp and provocative articles on pensions, came out with a corker just before Christmas. I read it on the beach and nearly choked on my sangria! Here it is in … Continue reading
Posted in annuity, Australia, auto-enrolment, David Pitt-Watson, dc pensions, de-risking, defined aspiration, Henry Tapper blog, NEST, Payroll, pension playpen, pensions, Treasury, with-profits
Tagged Actuarial science, Business, Business and Economy, Christmas, corporate governance, corporate risk, Daily Telegraph, DC Comics, dc pensions, Employment, Financial literacy, Financial services, Government, National Employment Savings Trust, pension, Pension Poverty, pensions, Politics, Retirement, Saving, social media, Steve Webb
11 Comments
Auto-enrolment – stay cool – hang loose!
Here’s a technical update for readers getting their companies ready to auto-enrol staff into pensions! The Government has announced new automatic enrolment thresholds for 2013/14 The Government has to review annually the various automatic enrolment thresholds. On 14 December 2012 the DWP … Continue reading
Posted in actuaries, auto-enrolment, NEST, Payroll, pensions
4 Comments
Right direction – wrong speed! Defining a “good” workplace pension.
I like the rhetoric, what the DWP and tPR are saying is going in the right direction, I hope they can keep their foot to the floor so that companies and trustees staging next year can get it right first time. Continue reading
Posted in dc pensions, Management, napf, Payroll, pension playpen, pensions, Retirement
Tagged DWP, Employment, Good governance, Government, O'Higgins, pension, Regulator, Self-invested personal pension
12 Comments
Time to get tough on “dodgy” pensions – the Regulator speaks
Regular readers will know that I have for a few months been expecting and calling for a strengthening of the DWP’s stance on what makes for “good” and what kinds of pension scheme should Qualify for auto-enrolment. I did not … Continue reading
RDR and AE – what future for commissions and advisor-charging?
Every week we get a few more enquiries from concerned employers who are being told by their pension advisers about the changes coming next month from the Retail Distribution Review. There is variation on the theme but the overall message is clear. Pensions “advice” is … Continue reading
Posted in actuaries, auto-enrolment, club pension, dc pensions, de-risking, FSA, Payroll, pensions, Retirement
Tagged AMC, Company, DWP, Employment, Financial Services Authority, Human Resources, pension, Risk, The Pensions Regulator, Total Expense Ratio
6 Comments
Project managing auto-enrolment
I received a polite e-mail from a company’s Finance Director yesterday. “I see First Actuarial are offering a project management service for small and medium sized companies staging auto-enrolment in 2014; I’ve got four questions for you 1. Why should I … Continue reading
Opt-outs triggered by smartphones say Legal and General!
Speaking at a private conference for First Actuarial staff, Adrian Boulding said that Legal and General‘s clients were enthusiastic about their staging experience and he went on to suggest that members were much more ready to get information and transact digitally than his firm … Continue reading
Posted in actuaries, auto-enrolment, corporate governance, dc pensions, de-risking, Facebook, First Actuarial, Management, NEST, Payroll, pension playpen, pensions, twitter
Tagged Actuarial science, Adrian Boulding, Asda, IPhone, Legal & General, Marks & Spencer, National Employment Savings Trust, pension, Sainsburys, Scheme, Steve Webb
6 Comments
Contract workers mustn’t be tricked out of pensions.
Last week I wrote about how contract workers employed by ISS in Sark are likely to miss out on employer contributions to their workplace savings plan. In it I stated.. ‘The Agencies that have supplied teachers and apparently social workers to … Continue reading
Offshore payroll companies – a (pensions) scandal in the making?
Last night’s documentary on @bbc5live has unearthed a potential pensions scandal that should have the Pension Regulator and the DWP springing to action. The problem is this. The Agencies that have supplied teachers and apparently social workers to (local) Government have been … Continue reading