All Advice and guidance articles – Page 2
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NewsMid-life MOT: DWP's online pensions and savings resource goes live
The Department for Work and Pensions has launched its online midlife MOT.
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NewsDB schemes: Surge in retirement support for members says Aon
Defined benefit (DB) schemes are giving their members more information and support than ever when making key retirement decisions.
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OpinionTo DC or CDC. That is the question…
DB pensions – and the guaranteed retirement income they bring – are well and truly a thing of the past, with a mere circa 5,000 left in the UK,most of which are closed to new members.
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NewsFCA's consumer duty reforms will shake up the pensions industry
Are companies ready for the biggest reform in financial services since 2012?
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NewsOne in six savers don't know where to access pensions advice
The workplace can play a part in helping plug the pensions advice gap, as over a quarter of over 55s admit eschewing any type of support.
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NewsFCA launches retirement income advice review
On the go: The Financial Conduct Authority is to review the level of advice consumers are receiving from independent financial advisers on meeting their income needs in retirement.
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NewsMerseyside Pension Fund appoints new adviser
On the go: The £10.4bn Merseyside Pension Fund has appointed Redington to act as its strategic investment adviser.
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NewsDB schemes mull legal action against LDI asset managers
Defined benefit schemes that suffered losses as a result of the recent market volatility are considering bringing legal claims against their asset managers and advisers, legal experts have warned.
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NewsDavid Fairs leaves TPR to ‘pursue new challenges’
On the go: David Fairs is leaving his role as executive director of regulatory policy, analysis and advice at the Pensions Regulator in March this year.
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OpinionLDI turbulence – the case for independent oversight
IC Select founder Roger Brown details how schemes should analyse the advice and asset management received during the liability-driven investment debacle.
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NewsFCA considers higher compensation limits for pension claims
On the go: The Financial Conduct Authority is to consider whether to increase compensation limits for certain pension claims.
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NewsPensions industry should look ‘beyond narrow compliance’
The Pensions Regulator and the Financial Conduct Authority want the industry to look “beyond narrow compliance” and consider consumer outcomes.
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NewsSome BSPS members to receive redress calculation by end of 2023
On the go: The Financial Conduct Authority has said that companies should provide British Steel Pension Scheme members with their redress calculation by the end of December 2023, if individuals opt to receive it as a lump sum.
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NewsPension savers lose £1.7bn on retirement transition
On the go: Workplace pension scheme members are losing around £1.7bn a year during their transition into and in retirement, according to new research from master trust HSBC Tomorrow.
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OpinionRetirement outcomes: The buck stops where?
HUB Group chief marketing officer Stephen Lowe questions who is responsible for delivering better retirement outcomes for pension scheme members?
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NewsAE contributions not reaching those most in need
While many employers offer auto-enrolment contributions above the minimum rate, the workers that benefit are seldom those most in need, according to new research from Nest Insight.
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NewsInflation presents ‘considerable risk’ to DC pension pots
Skyrocketing inflation figures pose unique challenges for defined contribution pension schemes as memberships surge to record highs, according to the Pensions Policy Institute’s DC Future Book.
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NewsCovid-hit fiduciary management market gains 70% in 5 years
Although the UK fiduciary management market has risen by 11 per cent a year over the past five years, its growth is still below the previous period’s figures, with Covid-19 having an impact on selection processes in 2021, according to a survey by IC Select.
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NewsRise of DC poses risks and challenges for future pensioners
Increasing reliance on defined contribution savings means the requirements of future pensioners will be markedly different from those of previous generations, placing a greater emphasis on the need for communication and support, as well as on the role of annuities, a report from the Pensions Policy Institute has revealed.
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PodcastsPodcast: Trustees struggling to guide members on inflation benefits
Podcast: A report from XPS Pensions suggests that members could reap £10,000 additional benefits by delaying retirement because of the way increases and inflation are calculated, but trustees are struggling to help them because of the “red tape” around advice. LCP partner Laura Amin is joined by Hymans Robertson partner Patrick Bloomfield to discuss benefits’ inflation calculation and advice, concerns about defined benefit funding, and the women’s state pension age investigation.