All Additional voluntary contributions (AVCs) articles – Page 2
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News
Wider default definition will land more funds in charge cap net
The wider-than-expected definition of default funds in the government’s draft regulation could mean the charge cap applies to multiple funds at a scheme, hiking governance requirements expected of managers.
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FeaturesTrinity's second bite of comms cherry gets 60% hit rate
The £100m Trinity Mirror Pension Plan’s second attempt at a communications exercise to encourage additional contributions, to make up for the employer's decision to reduce payments, resulted in a 60 per cent take-up among the 1,000 members targeted.
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NewsPharma company sees tenth of staff up contributions after face-to-face comms
Pharmaceutical company Bayer has seen increased engagement from employees towards pension saving after a communication campaign relying heavily on face-to-face interaction.
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Features
Selex empowers members on AVCs with website add-on
The Selex Pension Scheme has extended the functionality of its online pensions software as it seeks to drive engagement among its members.
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Features
Local authority scheme members flock to beat AVC tax deadline
Local government scheme members are rushing to take their entire additional voluntary contributions as tax-free cash after widespread communication campaigns, before the option is expected to expire as LGPS reforms come into effect tomorrow.
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Features
M&S sizes up auto-escalation to improve outcomes
Marks and Spencer is considering what auto-escalation could do to improve member outcomes as it looks to raise the quality of its provision following auto-enrolment.
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News
Managing your money purchase legislative risk
News analysis: Managers of pension schemes that have hybrid elements such as additional voluntary contributions have been urged to investigate the impact of a legislative change that could increase their costs.
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Opinion
Editorial: The two-headed monster
Defined benefit scheme managers and trustees could be forgiven for feeling perplexed at the government’s attitude to the benefits they oversee.
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Features
Care provider offers staff AE contribution reprieve
A social care provider is temporarily rolling its cash-in-lieu-of-pension contribution into its auto-enrolment structure, so employees will not have to pay anything in until 2018.
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FeaturesReckitt Benckiser reforms comms to engage youth
The household and health products company’s scheme has made a series of changes to its communications as part of a drive to encourage younger and lower-paid members to put away more for their retirement.
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Features
USS helps members beat AVCs tax charge
The universities scheme made a late amendment to its added years benefit to help members avoid an unforeseen annual allowance charge.
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