DC & Auto-enrolmentRSS

CPS 'auto-protection' call reignites freedoms debate

Thinktank the Centre for Policy Studies has highlighted the need to shield savers from financial risks in later life through the idea of “auto-protection”, with the introduction of auto-drawdown, followed by auto-annuitisation at age 80. 

Face-to-face comms can sweeten 'unpalatable' news

With the world of pensions constantly changing, employers and trustees are investing more time, effort and resources into liaising with members, but face-to-face communication has been deemed particularly effective when it comes to bad news.

Lack of savings highlights importance of state pension

The number of women retiring without a pension has dropped, new research shows, but nearly 14 per cent of people have not made provisions for their retirement, highlighting the significance of the state pension for savers.

Pensions fail to convince savers but attitudes are expected to change

Fewer than half of people view workplace pensions as the most secure form of retirement savings, but experts have said attitudes towards saving for the future could change, driven by the current housing shortage, auto-enrolment developments and the demise of defined benefit pension funds.

NICs U-turn puts pension tax back on the table

Philip Hammond has cancelled plans to increase class 4 national insurance contributions for the self-employed, creating a £2bn shortfall in the nation’s accounts between 2018 and 2022, which many fear will be plugged by changes to pension tax relief.

Keep it simple when exploring new strategies

PLSA Investment Conference 2017: While smart beta has been labelled a cost-effective option for schemes looking for higher returns than a market cap index, trustees turning to these types of strategy have been advised to keep things simple while focusing on governance and costs.

Lack of consultant feedback threatens scheme governance

PLSA Investment Conference 2017: More than half of professional trustees and consultants rate their clients’ decision-making capabilities as acceptable or below, as industry figures have urged a rethinking of boardroom psychology.

AE review: Tension between engagement and inertia comes to the fore

PLSA Investment Conference 2017: With the Department for Work and Pensions’ review of auto-enrolment underway, advisory groups are seeking views on engagement, contributions and coverage, but questions remain over the necessity of engagement and the pensions reality in other countries.

Spring Budget focus on self-employed lets industry hope for more

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The chancellor’s focus on the self-employed could pave the way for bringing the group into the pension system, some experts have said, as the spring Budget brings no significant news on pensions.

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