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.
Schemes that default members into annuity brokerage services are considering the implications of last week’s Budget announcement, with calls for the rules around income drawdown to be simplified.
News analysis: Defined contribution scheme managers and trustees have seen their default investment strategies rendered “not fit for purpose” by this week’s historic Budget changes, which have fundamentally changed the run-up to retirement for workplace savers.
Data analysis: The rise of multi-asset funds in defined contribution schemes has fed criticism over whether these strategies are taking a sufficient level of investment risk for 20-somethings with a long-term savings horizon.