Julian Webb

Jonathan Stapleton looks at the impact of the Budget on DC defaults

Fidelity has appointed Pitmans Trustees (PTL) to act as professional trustee of its newly created master trust.

Workers who are auto-enrolled into schemes risk losing out on £10,000 in contributions over the next ten years, compared with colleagues who join voluntarily, argues Fidelity Worldwide Investment.

The industry has welcomed the code of conduct on enhanced transfer value exercises and pension increase exchanges, but questions remain over how it will impact take-up of offers.

Fidelity has extended its electronic DC dealing service to large in-house administered schemes.

The Association of British Insurers' compulsory code for annuity providers has been welcomed by the industry and triggered calls for similar requirements for trust-based schemes.

In our end-of-year round-up we asked industry spokespeople to preview the year ahead in pensions.

Pressure to prepare properly for auto-enrolment is mounting on employers and those who have not yet thought about it must act now, Fidelity says.

Industry gets behind PP call to arms on decent defaults

Fidelity has launched a service it says will reduce employers' cost bases for auto-enrolment by limiting the affect on their HR, payroll and technology departments.