Twenty defined contribution pension schemes administered by Aon Hewitt have seen delays to their members’ derisking strategies, leaving them exposed to risk assets for up to four years longer than intended.
After a year preparing for auto-enrolment, Costa franchise Premier Coffee did not receive a single follow-up enquiry from its 120 eligible staff, and only a handful of opt-outs, demonstrating the engagement challenge facing UK employers.
Competition is growing in the defined benefit mastertrust market as providers promise the benefits of scale, but experts have urged employers to be mindful about the risks of these structures.
Any other business: Fancy a date with the pensions ombudsman? Thought not. Industry experts argue that a solid complaints procedure can save schemes time and money in the long term.
European pension funds moved deeper into alternative investments last year as they sought fresh avenues of returns and liability matching in tricky market conditions.
Communication experts have called for schemes to avoid jargon and break down complexity in online illustration tools, as research reveals wide variation across offerings and patchy understanding of reforms.
Comment & Analysis
Barnett Waddingham's Julian Mainwood details the steps trustees and scheme administrators need to take in order to stay on top of the upcoming changes and adapt to scheme members' needs.
Talking head: Lincoln's Tony Hobman argues the Pensions Regulator will have to develop its oversight in order to strike the right balance in response to an evolving industry.
Mercer's Michael Dempsey outlines how schemes can benefit from fiduciary management's secondary market, brought about by rapid growth in the sector.
Video: What effect are the flexibilities having beyond the world of DC? In the first of our three Countdown to April videos, JLT Employee Benefits' Mark Wood and Eversheds' Tim Smith explain how DB schemes are dealing with the knock-on effects of the reforms (6:08).
Video: Jonathan Lipkin, director of public policy at the Investment Management Association, says that it is not up to investment managers to take the overall responsibility for ensuring charges are below the 0.75 per cent cap effective from April (5:48).
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).
The Cut: latest posts
The DC Debate
- Aon lifestyling failure leaves members exposed to risk assets
- Why three in four say they will shun guidance guarantee
- NAPF: There are still too many unknowns on pension 'freedoms'
- BA allows AVC transfer to meet flexibility demand as schemes seek middle way
- Regulator reassures on DB-DC transfers but capacity crunch predicted