All Budget articles – Page 7
-
Opinion
The pros and cons of offering drawdown to your members
In the latest edition of Informed Comment, Aon Hewitt’s Jan Burke considers those scheme members for whom drawdown might be appropriate, ahead of April’s pensions changes.
-
Opinion
How to use your DGF in a post-Budget environment
Kevin Frisby from LCP, JLT Investment Consulting’s Allan Lindsay, Axa IM’s Yoram Lustig, HR Trustees’ Giles Payne, Aon Hewitt’s Ryan Taylor and Bruce White of LGIM discuss how schemes can invest in DGFs in the post-Budget environment, in the final instalment of a four-part panel discussion.
-
OpinionEditorial: Don't spend it all at once
The debate rumbles on. Will the annuity make the best comeback since Lazarus? What should we make of this grand shove into drawdown?
-
Opinion
NAPF: Time to take stock
Talking head: The NAPF’s Graham Vidler looks forward to its annual conference, as schemes confront the challenges left in the wake of the so-called saver’s Budget.
-
News
How scrapping 55% 'death tax' could affect your DB scheme
Consultants have again predicted greater interest in transfers out of defined benefit schemes following the proposed removal of inheritance tax on pension pots, while others doubted the changes would have much impact.
-
News
Budget flexibilities fail to spur DB transfer interest
Predictions that the Budget flexibilities would lure members out of defined benefit pension schemes have so far proved unfounded, as data show no uplift in the proportion requesting transfer value quotations.
-
News
Consultants call for more flexible DC retirement products
Industry figures have called for flexibility to be built in to defined contribution solutions, as the first post-Budget products aimed at members looking to draw down income at retirement reach the market.
-
News
Tax changes: how they affect scheme rules
Schemes have been urged to move quickly to prepare for forthcoming changes to pension tax legislation, with the new ‘uncrystallised funds pension lump sum’ expected to prove popular among members.
-
Opinion
What the guidance guarantee means for your scheme
In the latest edition of Technical Comment, Barclays’ Lydia Fearn lays out the key questions and steps that schemes need to be asking to make sure they are ready to implement the guidance guarantee.
-
Opinion
The break between state and private pensions is complete
Talking head: Jargonfree Benefits’ Steve Bee explains why the most recent round of reforms to the UK’s pensions system is a pivotal step on a momentous journey.
-
News
Tenth of employers weigh up medium-term DC drawdown offering
One in 10 UK employers have said they will offer members post-retirement drawdown facilities within their defined contribution scheme in three to five years, according to a poll, but advisers still doubt trustees’ desire to govern such provision.
-
News
DB-to-DC transfers forecast to impact on derisking strategies
Investment experts have predicted liability-driven investment programmes could become more tricky since the chancellor gave the green light to transfers from defined benefit to defined contribution, with schemes finding find it more difficult to predict liabilities.
-
Opinion
How to educate DC members on retirement 2.0
Zurich’s Jonathan Plumtree argues that auto-enrolment and the Budget’s pension reform have turned the engagement challenge on its head, creating a new focus on decumulation, in the latest edition of Technical Comment.
-
Opinion
The Budget has not killed off lifestyle strategies
Jelf’s Mark Winstanley argues that the Budget changes did not destroy lifestyle strategies, and predicts there will be three predominant paths of member decision-making at retirement, in the latest edition of Informed Comment.
-
OpinionSnowdon: 'unseen army' of non-IFAs could deliver guidance guarantee
Like many, I welcome the guidance guarantee at the point of retirement for members of defined contribution pension schemes.
-
Opinion
Picking through the guidance guarantee small print
Finally some details on the guidance guarantee. Soon-to-be pensioners will receive independent guidance from April 2015, as the government clarifies the guidance guarantee announced in this year’s Budget.
-
OpinionEditorial: Longevity, BT, and our print break
Longevity risk has been on everyone’s mind since telecoms giant BT announced a behemoth deal to hedge 25 per cent of its total exposure to longevity improvements.
-
News
One in four executives taking cash in lieu of pensions
The number of FTSE 250 executives taking taxable cash supplements instead of pensions has risen, according to a survey, as the way high-earners receive benefits has changed in light of lower lifetime and annual allowance limits.
-
Opinion
The Budget changes were dramatic, surprising and good for DC
On March 19 I left home as a worker in the pensions industry, and 10 hours later I returned, shaken, shocked and working in the lifetime savings industry.
-
Features
Schemes line up bulk commutation after Budget grants derisking opp
Consultants have reported more schemes considering bulk trivial commutation exercises, in an attempt to drive down administration costs and liabilities, after the amount members could take as a lump sum was increased.