The National Employment Savings Trust has ended its first ten months in operation with less money in its fund accounts than were made in initial contributions, after one member died and contribution charges ate into member pots.
Almost 11 million Brits will not have adequate incomes in retirement, Department for Work and Pensions Research shows.
Automatic enrolment will become the most expensive regulatory change imposed on businesses under the coalition government.
Schemes are using annual projections of investment ‘outperformance' of up to 1% to help ease their liability calculations, a Punter Southall survey reveals.
Economists say the sharp drop in inflation announced today could justify a further round of quantitative easing by the Bank of England.
The UK Sustainable Investment and Finance Association has called on The Pensions Regulator to "encourage" pension funds to adopt the UK Stewardship Code.
Trustees are not engaged with default funds or charges, despite both issues being in the spotlight ahead of auto-enrolment's introduction later this year, the Pensions Regulator says.
The Bank of England will pump a further £50bn into the lagging economy through quantitative easing, amid industry warnings that companies will be forced to plug rocketing deficits.
Schemes are set to gain a reprieve from impending European derivatives regulation, following warnings that banks will pass on increased costs to their pension fund clients.