All Budget articles – Page 8
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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.
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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.
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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.
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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.
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Opinion
Checking the price tag: evaluating the charges obsession
Data analysis: The Budget reforms signal an age of greater plurality in retirement possibilities for members.
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Opinion
How to predict member outcomes in the new normal
Myriad products could help grow pension savers’ assets following the Budget changes, but caution is recommended.
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Opinion
Bee: Why I was pleased and horrified by the Budget changes
Talking head: Steve Bee argues the pensions changes announced in the Budget, while welcome, prove the pensions system is “very fragile”, while collective pensions make it even more complex for ordinary people.
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OpinionEditorial: Guidance without the notes
It is hard to imagine, but not long ago there was a time of blissful ignorance when the industry was not obsessed with the words ‘guidance guarantee’.
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Opinion
Pressure swells against providers delivering guidance guarantee
Which? has struck the latest blow against pensions providers wishing to deliver the guidance guarantee unveiled in this year’s Budget.
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NewsAMNT: Oz-style 'supers' could emerge from latest UK reforms
The Association of Member Nominated Trustees has said ‘to-and-through’ retirement options could pave the way for Australian-style superannuation schemes, if employers are willing to take on any additional governance burden that a post-retirement commitment could create.
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News
Collective schemes to be enforced by valuation and reporting framework
Collective schemes – which pool members’ assets and risk – will have to comply with new valuation and reporting requirements, under initial proposals outlined yesterday in the Queen’s Speech.
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News
Employer raises doubts on impersonal retirement guidance
Industry figures have predicted that early engagement and face-to-face guidance will drive take-up of the Budget’s promised guidance guarantee, as the industry debates how it will be delivered.
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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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OpinionThe DC Debate – judging the impact of the saver's Budget
This quarter's debate of the crucial issues facing defined contribution scheme managers and trustees evaluates the fallout of the 2014 Budget, as well as the pensions minister's latest comment on tax relief.
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News
Webb seeks to alleviate scheme guidance concerns
Pensions minister Steve Webb has tried to assuage the concerns of defined contribution schemes by implying the guaranteed retirement guidance could be delivered in less intensive ways than face-to-face meetings.
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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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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
Webb reveals further detail on guidance guarantee
Pensions minister Steve Webb released this week further details about the upcoming guidance guarantee, with concerns mounting on the timetable for its implementation and the subsequent burden on pension schemes.