LafargeHolcim reconstructs DC scheme

LafargeHolcim

Building materials giant LafargeHolcim has changed the default fund and administration of its defined contribution pension scheme following a value-for-money assessment.

Telegraph embraces smart beta in DC default

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Telegraph Media Group has welcomed the downside protection brought in by the addition of smart beta to its default defined contribution target date funds, despite concerns over hidden dangers within the investment style.

Johnson Service Group adds £1.5m on top of recovery plan

Textile rental provider Johnson Service Group has committed to paying £1.5m to its defined benefit scheme following the £8.25m sale of its dry cleaning business to Timpson Group.

Contribution hike prompts pension protest at Bangor University

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Public sector union Unison has protested against Bangor University’s plans to raise pension contributions, but despite the demurral, changes will be going ahead this month.

Babcock takes member comms online to boost efficiency

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The Babcock International Group Pension Scheme is moving its communications online in an attempt to cut costs, boost efficiency and better reflect the preferences of members.

TPR bares its teeth with first mastertrust fines

The Pensions Regulator has imposed its first fines against mastertrusts for failing to complete a chair’s statement, as it signals a hard approach to dealing with defined contribution administration lapses.

Comment & Analysis

What to look out for with age-based contribution structures

As defined contribution schemes are now often the sole pension scheme open to employees, DC scheme design, including the option of having age-related contributions, takes centre-stage. So what needs to be kept in mind to avoid age discrimination?

Dogs that bark… bite

Cartoon 160117 (teaser)

Editorial: A total of £5,000 might not be an awful lot for companies, but if it means their reputation suffers, it could lead to much greater losses.

What is needed from the Lisa regulation consultation

Sharon Bellingham

Hymans Robertson's Sharon Bellingham looks at the challenges facing the Lifetime Isa, the need for clear communication around its implementation, and whether it means people will stop saving into pensions.

Video

How the PLSA's taskforce wants to change DB

Ashok Gupta 011116

Video: As the Pensions and Lifetime Savings Association has highlighted four areas for potential change to the defined benefit landscape, Ashok Gupta, who chairs its DB Taskforce, talks about the proposals and the taskforce's aims.

How the rate cut affects your scheme

Lynda Whitney interview on interest rate cut

Video: As the Bank of England has cut rates and launched into a new round of quantitative easing, what are the effects on pension schemes and where can they seek cover? Aon Hewitt partner Lynda Whitney gives answers.

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