All Communications articles – Page 8
-
News
TPR outlines guidance plans in response to Rookes report
On the go: The Pensions Regulator has published its action plan in response to the British Steel Rookes review, outlining several steps designed to boost support and guidance for trustees facing restructure or changes.
-
FeaturesMorgan Sindall ditches ‘pension’ in comms to boost engagement
Construction and regeneration group Morgan Sindall has described the boost to pensions engagement it saw after revamping its member communications, notably replacing mentions of ‘pension’ with ‘retirement saving’.
-
OpinionDarbyshire joins LPP as head of pension admin
Data remains a key issue for pension funds, according to the Local Pensions Partnership’s Joanne Darbyshire.
-
Features
Electricity North West encourages members to join engagement panel
The Electricity North West Group of the Electricity Supply Pension Scheme is encouraging members of its defined contribution plan to join its engagement panel, as experts highlight how seeking member feedback can help with trustee decision-making.
-
News
Pearson encourages AE members to switch sections for better outcomes
The Pearson Pension Plan is encouraging members of its auto-enrolment section to switch to its money purchase section, where it says they will be able to pay in lower contributions but save more.
-
Opinion
Inertia and engagement both have a place in pension comms
Analysis: Defined contribution schemes have been warned to “adapt or die” on member communications, with a range of experts calling for a rethink of engagement.
-
News
Employers keep workers in the dark on pension freedoms
On the go: Some employers are still sticking their heads in the sand when it comes to pensions reforms. Only 59 per cent have alerted their employees to pension freedoms, according to the Employer Engagement Survey 2018 published by the Department for Work and Pensions in March 2019.
-
OpinionBetter communication can ease rush to transfer out of DB
Transfers from defined benefit pension schemes have proved attractive in recent years, but there are serious questions over their suitability for many. Trustees cannot afford to shy away from helping their members, and the Pension Protection Fund wants to help, says Sara Protheroe.
-
News
Communicating pensions to the next generation
There is a pensions crisis looming. How can the industry make people care about a problem that is 20 years away?
-
NewsFCA investment pathway proposals welcomed, but concerns remain
The Financial Conduct Authority’s recent proposals on investment pathways have been widely welcomed, but questions remain over the suitability of ready-made drawdown solutions.
-
FeaturesGSK launches new investment options for DC members
Global healthcare company GlaxoSmithKline and the trustees of its pension plans have introduced two new defined contribution lifestyle options, responding to a change in member retirement saving behaviour following the introduction of pension freedoms in 2015.
-
News
BSPS review calls for more guidance for schemes on restructuring
On the go: An independent review of the communications and support provided to steel workers as part of the British Steel Pension Scheme ‘Time to Choose’ exercise has called for better guidance for trustees to help them plan and manage a restructuring.
-
FeaturesM&S portal launch sees 12,000 DB members sign up
Marks and Spencer has launched a new portal service for its defined benefit scheme members, offering access to pension records on demand and enabling them to complete a wide range of tasks.
-
FeaturesDiageo offers PIE and writes to members after rise in DB transfers
The Diageo Pension Scheme is offering a pension increase exchange exercise to defined benefit pensioners, and has outlined plans to write to deferred and active members explaining transfer options, following a spike in members cashing out.
-
OpinionIs it time to update your communications strategy?
Secondsight’s Mark Bingham discusses the role of the employer when it comes to pensions communication, from choosing a multi-channel approach, to keeping things simple and free from jargon.
-
OpinionAre you doing enough to protect your members from scammers?
Helen Miles, a pensions partner at law firm Squire Patton Boggs, explains how trustees and employers can communicate with pension scheme members to protect them from scammers.
-
News
21% of older workers think they are too savvy to be scammed
A joint regulatory scams awareness campaign has prompted tens of thousands of people to seek information about pension scams, but more than half of 45-65 year olds with a pension still do not think they are likely to be targeted by con artists.
-
News
Govt and scheme decision-makers told to tread with caution on CDC
Collective defined contribution schemes could produce a higher and more certain retirement income than individual DC schemes, but there are also many potential issues to consider, including intergenerational unfairness and governance problems, the Pensions Policy Institute has highlighted.
-
NewsOnly one in 100 members wants paper comms, finds BAA scheme
The BAA Pension Scheme’s digital push on communications has led to virtually the entire membership opting to switch to electronic information.
-
FeaturesIndustry must innovate to build on pension comms progress
Many see the dashboard as a critical component in pensions communication. While the government’s promise to commit £5m to the pensions dashboard project is encouraging, there is so much more that needs to be done by providers, consultants and employers if the initiative is to have any real impact.