Now Pensions

Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.

The government is set to take a close look at the current pension tax relief system, Baroness Buscombe revealed in a speech to the House of Lords last night.

Six out of nine automatic enrolment (AE) providers have no policy to prevent investments in companies that profit from chemical and biological weapons, according to analysis by ShareAction.

Last week's top stories included ITM completing a management buyout backed by private equity, and the regulator publishing its corporate plan for the next three years.

Low income earners in the majority of master trusts are missing out on tax relief on their retirement savings due to a legislative technicality, according to research.

The majority of employees will stay opted into their automatic enrolment (AE) scheme despite their pension contributions tripling, Now Pensions research finds.

Some 28% of senior business decision-makers are unaware that automatic enrolment (AE) minimum contributions are increasing next month, according to Now Pensions research.

Average opt-out rates for 22- to 29-year old female members were 5% in December compared to 3% for men - a trend that accelerates across older groups, according to Now Pensions analysis conducted exclusively for PP.

The trustee of master trust Now Pensions has been fined and given a set of stringent deadlines to fix long-running pension scheme issues, The Pensions Regulator (TPR) announced today.

Master trusts will need to be authorised by the regulator from October, but the current framework is still a draft. James Phillips explores if it's ready.