More than half unlikely to take advice on pension access

Most retirees are unlikely to seek advice before withdrawing their pension, a survey has shown, as the industry wrestles with how to protect members in the new flexible pensions environment.

SSE doubles DC contributions in bid to close adequacy gap

SSE

Energy company SSE doubled contribution rates in its auto-enrolment default after carrying out a survey of members, as wider concerns mount over continuing low contribution levels.

Are your data handling processes compliant?

Any other business: Hillary Clinton found herself in hot water recently over use of a private email account during her tenure as US secretary of state. The breach of White House data protocols ignited criticism. 

Half would sell their annuity, majority want 90% of value

The consultation to lay the groundwork for a secondary market for annuities, announced in last week’s Budget speech, will allow around 5m pensioners having the option to cash in the products in exchange for a lump sum.

Lincolnshire fund enters admin-sharing deal with West Yorks

Lincolnshire Pension Fund has teamed up with West Yorkshire Pension Fund on benefit administration in order to deliver cost savings, in the latest example of local authority collaboration.

Tata Steel DB closure flags need for 'holistic' approach to risks

Steel

Tata Steel's plan to close its defined benefit scheme to future accrual faces industrial action, leading some experts to call on trustees to give greater consideration to the sponsor covenant.

Comment & Analysis

Regulator: 11 steps for smaller employers readying for AE

The Pensions Regulator's Charles Counsell explains its new guide to help small employers get ready for auto-enrolment.

How the DC landscape will change in a 75bp world

JPMorgan's Simon Chinnery warns of the effect the forthcoming charge cap on investments will have, and points to a flexible and inexpensive default fund.

Six steps to manage a rise in DB-DC transfer requests

Aon Hewitt's Ben Roe outlines the steps defined benefit trustees need to take to prepare for member transfers, in light of the new flexibilities.

Video

The Review: Why the DC charge cap will fall further

PE countdown 24.02 button

Video: Should the 0.75 per cent cap go lower? In part two of Countdown to April, Mark Futcher from Barnett Waddingham and LGIM's Emma Douglas explore how DC schemes are responding to reform (5:37).

The Review: 'Massive uptick' in larger DB funds exploring transfers

PE Review countdown – 26.01.15

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).

IMA: Schemes must bear overall charges cap compliance burden

Jonathan Lipkin

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).

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