DC & Auto-enrolmentRSS

Workers fear schemes will not deliver on their promises

News On the Go

On the go: People’s trust in pension systems remaining low is one of the findings of the OECD's recently published Pensions Outlook 2018.

M&B switches to drawdown and moves deferreds to master trust

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The Mitchells & Butlers pension scheme has updated its defined contribution default strategy to target drawdown purchase, directing members to a master trust for retirement provision.

PMI report predicts just 20 master trusts in five years’ time

On the go: There will be no more than 20 master trusts in five years’ time, according to an influential report from the Pensions Management Institute, which predicts the new master trust authorisation regime will lead to widespread consolidation and collaboration.

DWP maintains £10,000 earnings threshold for 2019-2020

On the go: The Department for Work and Pensions has announced that the earnings threshold for auto-enrolment into a workplace pension is to be frozen at £10,000 for 2019-2020.

Should there be an industry-wide methodology for measuring value?

An agreed definition of value for money may help schemes measure value, but it is more important that trustees understand what they are buying and why.

Govt and scheme decision-makers told to tread with caution on CDC

Collective defined contribution schemes could produce a higher and more certain retirement income than individual DC schemes, but there are also many potential issues to consider, including intergenerational unfairness and governance problems, the Pensions Policy Institute has highlighted.

Could co-sourcing be the answer to rising pensions admin woes?

Analysis: Uncertainty is an overused word in the pensions landscape, yet it is particularly appropriate when we speak of administration, which is teetering on the brink of crisis.

Only one in 100 members wants paper comms, finds BAA scheme

Source: Pexels

The BAA Pension Scheme’s digital push on communications has led to virtually the entire membership opting to switch to electronic information.

Only 39% of young savers confident about retirement prospects

Young savers in the UK are in danger of being left in the lurch when it comes to retirement planning, a recent survey has shown, with experts mooting auto-escalation and better financial education as possible solutions to a looming crisis in the decades ahead.

Customers satisfied with Pension Wise, but take-up concerns remain

Nine in 10 customers who have had a Pension Wise appointment are satisfied with their experience of the service overall, a recent report has shown, but concerns remain over the take-up of the government-backed guidance service.