All Annuities articles – Page 11
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News
Industry calls for better DC risk guidance to hit target outcomes
Industry figures have called for better guidance for defined contribution members to help them choose the appropriate level of risk pre-retirement to achieve their target outcomes.
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Opinion
How to predict member outcomes in the post-Budget world
The 2014 Budget gave pensions savers and plans considerable new flexibility in arranging their retirement incomes.
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News
Managers boost pre-retirement risk to match DC flexibility
Providers are revising products offered to defined contribution pension scheme members to incorporate greater risk in the decumulation phase, as a result of the greater flexibility afforded by the Budget.
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Opinion
How to design your DC default pre-retirement phase
Premier’s Martin Thompson takes stock of the Budget’s historic changes to defined contribution savers’ pre-retirement journey and how scheme design must change to match them, in the latest Technical Comment.
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News
Early engagement key to guidance success, managers say
Pensions managers at two leading UK employers have called on schemes to communicate with their members well in advance of their retirement age, as schemes react to the government's guidance guarantee.
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News
SME 'genuinely worried' about Budget impact on engagement
A British manufacturer has raised concerns about how the greater retirement flexibility announced in the Budget will impact the success of workplace saving and auto-enrolment, saying employees will need more help to navigate the system.
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OpinionWebb keen to get the handshakes for Budget pension reforms
Editor’s blog: At today’s Work and Pensions Select Committee, pensions minister Steve Webb was keen to underline the role of his department in the Budget’s smashing of the conventional annuity market.
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Opinion
Auto-annuity purchase is dead – here’s how providers will respond
Guest column: Pensions expert Ros Altmann picks out some of the products that will benefit from the Budget’s assault on the entrenched annuity market.
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News
Greater DC flex forecasted to raise member savings
Increased at-retirement flexibility for defined contribution members introduced by the Budget may lead to higher member contributions, experts have predicted, which could put pressure on some employers’ pension structures.
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OpinionEditorial: Here's the choice you wanted
To annuitise or not to annuitise? The debate rumbles on, with successive reports predicting a fair deal of doom for the vendors of the old normal.
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Opinion
What overseas DC systems can tell us about the post-Budget landscape
The retirement flexibility brought about by the Budget has left many schemes wondering how to best implement the at-retirement options.
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News
Consultants expect DC flexibility to drive DB member transfers
Defined benefit schemes could see a short-term increase in requests from members to switch their benefits into defined contribution schemes, due to potential government plans to restrict such transfers, benefit consultants have predicted.
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Features
Budget prompts schemes to revisit lifestyle and annuity options
Schemes that default members into annuity brokerage services are considering the implications of last week’s Budget announcement, with calls for the rules around income drawdown to be simplified.
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NewsBudget 2014: How historic DC changes affect your scheme
News analysis: Defined contribution scheme managers and trustees have seen their default investment strategies rendered “not fit for purpose” by this week’s historic Budget changes, which have fundamentally changed the run-up to retirement for workplace savers.
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News
Education key as employers stretch to reach pension goals
News analysis: Companies need to better educate staff to encourage responsibility for pension saving, as research has highlighted a misalignment between employers’ goals and the outcomes of their defined contribution plans.
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OpinionEditorial: Your puzzle awaits
You wait a lifetime for proposals to reform the retirement income market, and then suddenly three come along at once.
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News
FCA review prompts calls for trivial commutation increase
Industry figures have called for an increase to the trivial commutation limit after a Financial Conduct Authority report found small-pot holders were more likely to get a bad annuity deal.
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News
Annuity brokering grows as managers seek value for savers
News analysis: Nearly half of schemes have or are planning to put in place annuity brokering services for their members, but experts warn this may not be enough to achieve value at retirement.
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News
How to build the pension income builder
News analysis: Industry experts have been exploring how the government’s preferred risk-sharing scheme design could work in practice, whether through a not-for-profit, mutual or insurance provider set-up.
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OpinionHow to ensure your members get the best value at retirement
The annuities industry has come under increasing fire from all corners of the industry – but there are concrete steps that pension professionals can take to help members get value at retirement.