Trustees of the defined contribution FKI Group Pension Plan have agreed to wind up the scheme, transferring active members to a mastertrust, as experts note governance and cost management benefits.
How the model’s next wave will help shore up DC pension provision for UK employers.
The Financial Conduct Authority will prioritise retirement income provision within pensions in 2017-18, addressing perceived problems with consumers who do not take regulated financial advice, as some argue schemes should organise Pension Wise sessions by default.
The Prudential staff scheme is due to amend its DC default fund this year in light of the introduction of freedom and choice, amid concerns that some schemes are choosing to wait for retiree data to help them design their default.
The Financial Conduct Authority has published a progress report on its Financial Advice Market Review, alongside a consultation that sets out proposed guidance, but reactions in the pensions industry show there is still a long way to go.
Weighting an employee benefits package towards pension contributions can make a role more attractive to high-quality candidates, a new report has found, showing residual interest in retirement saving among the defined contribution generations.
Two years have passed since the government introduced the pension freedoms, and although the flexibilities have improved engagement to some extent, the increased complexity has also led to confusion.
The lifetime Isa launched on Thursday, so why are there not more providers offering the product straight away, and what is the likely uptake when it comes to using the vehicle for retirement saving?
What models could have delivered the retirement outcomes Generation X deserves, and could elements of income security rescue future generations at risk of being let down by defined contribution?
Amendments to the pension schemes bill requiring member representation on mastertrust boards and a funder of last resort have been rejected by the House of Commons, amid concern from opposition politicians about a lack of oversight.