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Latest DC news
Pre-Budget rumours spark record lump sum withdrawals, data shows
UK pension savers withdrew a record £10.4bn from their pensions using their tax-free cash allowance in the six months to the end of March, according to Financial Conduct Authority data.
DC providers scale back exposure as tariffs bring ‘end to US exceptionalism’
Defined contribution master trusts have cut exposures to US equities this year as the effects of trade tariffs have reverberated through stock markets.
More clarity needed on targeted support proposals, industry tells FCA
The Association of Professional Pension Trustees, the Society of Pension Professionals, and the Association of British Insurers have all called for changes to the regulator’s proposals for targeted support.
Cost of renting in retirement continues to rise, new data shows
Renting in retirement costs increased by £7,000 year-on-year, Standard Life says, as more than one in 10 people expect to still be leasing a property when they retire.
SPP highlights pensions industry apprenticeships as A-level results land
As school students across England, Wales and Northern Ireland receive their A-level results, the Society of Pension Professionals has highlighted a range of apprenticeships offered across the retirement industry.
Collective defined contribution news
Video: Sophia Singleton on pension reforms, adequacy, and inclusion
Having recently passed the halfway mark in her presidency of the Society of Pension Professionals, Sophia Singleton looks back on a busy initial period and ahead to the challenges and opportunities facing the pensions sector.
Decumulation CDC is a natural fit for the UK’s maturing DC pensions
Simon Eagle, a member of the Institute and Faculty of Actuaries’ (IFoA) collective defined contribution working party, explains that traditional defined contribution retirement in the UK is on the verge of a major transformation.
The UK’s pension system needs reform – and purpose
Investing in the just transition through UK businesses can boost the economy, help the planet and improve pension outcomes, argues the Finance Innovation Lab’s Jesse Griffiths.
Risk pooling and fairness in collective defined contribution pension schemes
For CDC to succeed, providers, employers and members need to understand and be comfortable with the pooling of risks, writes the Pensions Policy Institute’s Tim Pike.
More DC news
LifeSight adds £450m renewables investment to default strategy
WTW’s defined contribution master trust has allocated to the Schroders Greencoat Global Renewables+ long-term asset fund.
TPR: Trustees’ role in improving retirement support and adequacy
The regulator wants trustees to improve signposting of support services such as Pension Wise and MoneyHelper in “core communications”, after recent research showed a lack of awareness among savers.
SEI completes administration switch to XPS for master trust members
All 207,000 members of the £4bn SEI Master Trust have been transferred to its new administration provider.
Everton FC wins Living Pension accreditation
Everton is the first Premier League football club to be awarded Living Pension accreditation, which reflects high employer contributions and minimum annual savings targets.
Comment and opinion
Intergenerational Foundation: Play fair with younger generations
TUC: Pensions Commission should be prepared to go beyond its remit
How can pension providers align decumulation with member outcomes?
The Friday Takeaway: The importance of understanding vulnerability
The future of pensions administration: why now really is different
A lesson from the past about policymaking for an uncertain future