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Now Pensions has announced it is increasing member administration charges and introducing a charging limit.

DWP bans flat-fee AE charges on pots worth under £100 Opperman: No-one should find their hard-earned pension savings eaten away by charges 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. The government's response to its review of the default fund charge cap and standardised cost disclosure, published today (13 January), said that pensions pots that are worth £100 or less, and are saved... Sign In

So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download Find whitepapers

Now: Pensions hit with customer data leak By Justin Cash 24 Now: Pensions customers have been hit with an online data leak. The Telegraph reports that the names, addresses, dates of birth and National Insurance numbers of some of the 1.8 million savers with the workplace pension provider were posted online earlier this month. Now: Pensions did not reveal which forum the details were published on, who exactly copied the data, or how many customers were affected, but said this was only a small number. In an email to affected customers, chief executive Patrick Luthi sa...

Last modified on Wed 23 Dec 2020 13.54 EST About 30,000 customers of Now:Pensions face an anxious Christmas after a serious data breach at the pensions provider led to their sensitive personal details being posted on the internet. In an email sent to affected customers, the workplace pensions firm warned that names, postal and email addresses, birth dates and National Insurance numbers all appeared in a public forum online. The company, which manages auto-enrolled and other workplace pensions for 1.8 million workers, said that less than 2% of its customers had been caught up in the incident. ...