HSBC plans cash lifestyle default for ex-DB members

HSBC Pension Scheme plans to default members of its defined benefit section into its cash lifestyle fund following the closure of the section in July next year, as it reviews its defined contribution scheme following March's Budget reforms.

Warburtons kicks off three-pronged comms strategy

NAPF Annual Conference 2014: Warburtons, the UK’s largest bread baker, has this year launched the first of a three-part plan to boost engagement among a new swath of pension savers.

Academic backs call for IGCs to mirror trustee boards

NAPF Annual Conference 2014: Senior industry figures have called for independent governance committees to be more like trustee boards in their activities, to protect member interests.

Beauty company nails AE with just one opt-out from 175

NAPF Annual Conference 2014: As smaller employers reach their auto-enrolment staging dates, beauty brand Nails Inc has said only one of 175 opted out when it auto-enrolled staff in January, which it attributed to knowing what level of benefits employees would want.

SABMiller to offer pension-plus savings options after 20% opt out

NAPF Annual Conference 2014: Drinks company SABMiller will launch additional savings vehicles after one in five workers opted out of its UK defined contribution scheme, with reductions in tax relief a principal factor.

Aussie lessons for your scheme's post-Budget strategy

NAPF Annual Conference 2014: The Australian fund association has called upon UK schemes and providers to ensure the minimum advice they provide equips members to make well-informed decisions with their new retirement flexibilities.

Comment & Analysis

Issuing a 'trustee P45' – is firing scheme reps ever justifiable?

Any other business: Going against the grain is not necessarily a bad thing in a trustee; in fact it can be a necessary part of acting in members’ best interests.

The pros and cons of offering drawdown to your members

In the latest edition of Informed Comment, Aon Hewitt's Jan Burke considers those scheme members for whom drawdown might be appropriate, ahead of April's pensions changes.

Shoot for the stars: Why after AE staging, contributions need to rise

Talking head: Pensions commentator Steve Bee compares the current statutory minimum of 8 per cent of pensionable pay to the 17.5 per cent that was calculated in the 1950s as necessary to provide a defined benefit-like income.


Altmann: Death tax removal could incentivise people to stay in pensions

Ros Altmann

Video: Independent pensions expert and the government's older workers champion Ros Altmann discusses the Budget changes and the chancellor's further pensions tax announcements (4:18).

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