Standard Life offloads workplace pensions book to Phoenix Group

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| Month: February 2018

Standard Life offloads workplace pensions book to Phoenix Group

Standard Life has announced the sale of its workplace pensions business to Phoenix Group. This comes just days after the collapse of a proposed merger with Scottish Widows had been announced. Standard Life had in recent years been the largest workplace pensions provider in the UK. It will continue to market and distribute the workplace

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23rd February 2018 — Read this story in full.

Now: Pensions is up for sale!

Two weeks ago we reported that Now: Pensions Trustee was fined £70,000 by The Pensions Regulator – now it’s up for sale Now: Pensions is arguably the third-biggest master trust in the UK. The provider has been put up for sale following a catalogue of administration problems. These problems have led to the provider exiting the Pension

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23rd February 2018 — Read this story in full.

Declaration of Compliance is not the end

Auto Enrolment doesn’t end with your Declaration of Compliance Implementing a workplace pension is not the end of compliance. So you’ve assessed your staff, put them into a workplace pension scheme, paid your contributions and declared your compliance. That’s not the end!  You still have legal duties that need to be completed, auto-enrolment is an

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15th February 2018 — Read this story in full.

Now: Pensions Trustee fined £70,000 by The Pensions Regulator

Now: Pensions has been fined £70,000 The trustee of master trust Now: Pensions has been fined £70,000. They have also been given a set of stringent deadlines to fix long-running pension scheme issues. This was announced by the Pensions Regulator (tPR) today. Their CEO maintains that they “remain very much open for business”. However, in July

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6th February 2018 — Read this story in full.

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