Wider default definition will land more funds in charge cap net

The wider-than-expected definition of default funds in the government’s draft regulation could mean the charge cap applies to multiple funds at a scheme, hiking governance requirements expected of managers.

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.

Comment & Analysis

PPF: levy dip likely to be followed by further falls

Talking head: The Pension Protection Fund's Chris Collins gives a speedy run-through of the latest on its levy changes, and explains why the levy is expected to fall for a further two years after 2015/16.

Reckless conservatism: Why it blights young people’s DC pots

In the latest edition of Informed Comment, Towers Watson's Chris Smith argues that younger people should be taking more risk earlier on in their savings journey, but not through a traditional lifestyle framework.

Editorial: On the boil

On the boil...

At this year’s National Association of Pension Funds’ conference, two themes predominated. One was relief, and even self-satisfaction, at the success of auto-enrolment. The other was widespread anxiety ahead of the April deadline for the new defined contribution flexibilities.

Video

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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