Workplace Pension

A businessman is to be prosecuted by The Pensions Regulator (TPR) for failing to reveal information about companies he owns or runs.

Royal London's new business pension sales fell by 4% over the course of a year primarily due to a slowdown in defined benefit (DB) transfers, the firm's half year results reveal.

The extension of auto-enrolment (AE) to more workers is supported by around three-quarters of businesses, according to research by Scottish Widows and the Confederation of Business Industry (CBI).

Workers in the UK expect more than a third of their retirement income to come from workplace pensions, second only to the Netherlands at 37%, according to research by Aegon.

The People's Pension has absorbed almost £20m in funds under management after completing the transfer of master trust Your Workplace Pension.