DC & Auto-enrolmentRSS

Aviva customers hit by system glitch

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Pension provider Aviva has admitted that a number of its customers were unable to access their pension policies on its MyAviva system. The delays have prevented some customers from transferring their pensions.

Lessons from Oz: Former regulator urges hybrid product adoption

A former deputy chairman of the Australian Securities and Investments Commission has urged UK defined contribution schemes to better protect members by developing default retirement products combining drawdown and lifetime income.

Mercer parent's JLT acquisition brings consulting giants under one roof

On the go: Marsh & McLennan, the insurance broker and consultancy that owns Mercer, has announced it is to buy Jardine Lloyd Thompson for $5.6bn (£4.3bn) in cash.

Transparency worries hinder flows into active quant strategies

More than half of institutional investors are wary of using quantitative investment strategies, with a perceived lack of transparency registering at the top of investors’ concerns, according to new research.

DC value: Small schemes falling short of standards

On the go: Small defined contribution schemes are not meeting the Pensions Regulator’s expectations when it comes to demonstrating value for members, according to its latest research.

Lloyds switches DGF for equities in default fund

Cover graphic 170918 (teaser)

Trustees of the Lloyds Bank Pension Scheme No.1 have overhauled the default offering for defined contribution members, ditching a diversified growth fund for a 100 per cent equity allocation in the first years of saving.

More sponsors in talks with government over CDC

A handful of corporate entities have held exploratory discussions with the Department for Work and Pensions on collective defined contribution schemes, according to the department's defined benefit strategy team leader Julian Barker.

Willetts: Tax pensioners more to stem potential opt-out rise

National insurance contributions from pensioners’ income could be used to stem opt-outs resulting from increased contributions under auto-enrolment, an influential Conservative peer has suggested.

DWP scraps plans for schemes to check members’ ethical views

DWP

Controversial plans by the government to force trustees to outline how they have taken members’ ethical views into account in their investment strategies have been scrapped, it was revealed on Monday.

How can we restore trust in pensions?

Source: Hargreaves Lansdown

Analysis: Savers have long remained detached and bemused by their pension arrangements. Indeed, the success of auto-enrolment has partly depended upon consumer inertia.