In my last blog, I said the world had changed with a move away from defined benefit (DB) pensions.
From fighting pension scams to tackling Environmental, Social, and Governance, 2020 will be another fast-moving year of change full of positive opportunities and challenges we must all strive to meet.
Making workplace pensions work and protecting savers is at the heart of what we do.
Some things are foreseeable. As automatic enrolment has created hundreds of thousands of new pension memberships, so the defined contribution (DC) market was inevitably going to grow.Continue reading
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.
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.