Increased at-retirement flexibility for defined contribution members introduced by the Budget may lead to higher member contributions, experts have predicted, which could put pressure on some employers' pension structures.
Engineering company Centek has so far seen its defined ambition-like auto-enrolment investment set-up outperform the underpin it created to guarantee a minimum retirement outcome for its workforce of uninitiated savers.
The number of employers failing to comply with their auto-enrolment duties over two months to March 25 nearly matched figures for the entirety of 2013, as the amount of organisations auto-enrolling ramps up.
A catch-up on the statement of recommended practice for financial reporting issued for consultation today by the Pensions Research Accountants Group, including enhanced disclosure requirements on investment risk and valuation.
Transport union RMT has reignited calls for all Transport for London employees undertaking work on a contract basis to be allowed to join its defined benefit pension fund.
The number of FTSE 100 trust-based defined contribution schemes using lower-cost, fully passive management for their default options has dropped by almost a half as diversified growth funds become more popular, research has found.
The Selex Pension Scheme has extended the functionality of its online pensions software as it seeks to drive engagement among its members.
Technology company Fluidata has said simplicity and transparency of pension arrangements and fees are key to smaller employers navigating auto-enrolment successfully, as it struggled to see value in private providers.
News analysis: Defined contribution scheme representatives will see governance responsibilities increase after the pensions minister announces further reforms to ensure members get value – with a backdrop of industry debate on the charges cap.
Chartered surveyor Dalcour Maclaren has secured a virtually entire take-up of its defined contribution plan since it auto-enrolled its small workforce last year, and now the company is looking to streamline administration of the scheme.
- What overseas DC systems can tell us about the post-Budget landscape
- LPFA boosts in-house investment team as it focuses on illiquids
- SME uses investment guarantee to ensure good AE outcomes
- NAPF: Timescale for Budget's DC reforms 'frighteningly short'
- Confronting the less-discussed downsides of TDFs