Today, I’m pleased to say we launch the strategy for our future, putting the saver at the heart of what we do, with a clear roadmap of how we will deliver effective change on the ground.
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While COVID-19 continues to have a huge impact on the way we live, socialise, shop, work and of course the way we run our businesses – it remains vital that we do not lose sight of the longer term.
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If you get married and change your name, those you owe money to don’t forget you. If you move house, your debts remain tied to your credit record.
Reaching the incredible milestone of 10 million people newly saving or saving more into a pension is like reaching the summit of a mountain.
A few years ago we started to stamp our feet about master trusts. As automatic enrolment successfully swept through businesses and more and more people were being put into workplace pensions, master trust schemes grew in popularity.
No-one can claim that all is rosy in the pensions world. There are many things that could – and should – be done to make UK pensions better, simpler and more sustainable.
Master trust authorisation is essential for the development of a safe and sustainable market of defined contribution (DC) schemes, and we’ve been pushing for it for some time.
Next month anyone setting up a business will need to consider automatic enrolment alongside all the other tasks associated with starting a new venture.
It was as I was coming back to Brighton from my home in Somerset last weekend that it finally dawned on me.
The roll out of automatic enrolment has been accompanied by a succession of doom-laden prophecies that haven’t come true.
