DWP

Schemes that help savers with later life planning as part of a government trial will receive a £400,000 funding boost, the Department for Work and Pensions (DWP) has revealed.

Over next six years

‘Utterly unacceptable'

Rachel Vahey outlines three initiatives that could have the "power to change pension comprehension, engagement and planning" in her latest article for Retirement Planner

The Department for Work and Pensions (DWP) will ban the charging of flat fees on auto-enrolment (AE) pots valued at or below £100 and launch work on how to standardise cost and charges reporting.

Headed up 3 November

Numbers jumped due to auto-enrolment

Follows DWP letter

Pensions schemes will face significant additional working costs reaching into the millions of pounds to prepare their data for the pensions dashboard, according to Lane Clark & Peacock (LCP).

Policy statement