All Consolidation articles – Page 5
-
NewsMaster trust retirement outcomes 5% above pre-pandemic levels
On the go: Expected retirement outcomes for defined contribution master trust members now sit 5 per cent above pre-pandemic levels, according to Hymans Robertson.
-
PodcastsPodcast: ‘Pot follows member’ legislation needed to solve small pots problem
Podcast: Industry consensus is needed to support a ‘pot follows member’ solution to the small pots problem, with previous attempts to solve it having failed, says Henry Tapper, executive chair of AgeWage. He is joined by Tom McPhail, director of public affairs at the Lang Cat, to discuss small pots, commercial consolidators, and more McCloud woe for the Local Government Pension Scheme.
-
NewsClara-Pensions plans Q3 deal after regulatory approval
Clara-Pensions is planning to announce its first transaction in the third quarter of this year, as founder and outgoing chief executive Adam Saron details the types of pension schemes that are likely to find value in the defined benefit consolidator’s business model.
-
NewsFour in 10 DC schemes are looking to consolidate
On the go: Forty-three per cent of defined contribution pension schemes aim to consolidate within the next few years, according to new research.
-
NewsPensions industry fires back at Opperman criticism
Stalwarts of the pensions world have responded to pensions minister Guy Opperman’s suggestion that the industry lacks long-term vision.
-
NewsTPR not ruling out ‘value for money’ league tables
On the go: The Pensions Regulator is considering league tables as a way of implementing a new value for money framework for pension schemes, though it is not “leaning towards” them at present.
-
NewsOpperman slates lack of long-term vision in pensions, hints at reshuffle
Pensions minister Guy Opperman has suggested a reshuffle may be on the cards, and has criticised a perceived lack of long-term vision in the pensions industry.
-
NewsDC focus turns to member outcomes but retirement uncertainty remains
Data crunch: Despite almost half of defined contribution schemes now stating their main aim is to deliver adequate retirement income for members, 63 per cent do not know what is the expected outcome for a typical member at retirement, according to new research.
-
PodcastsPodcast: Universal charges could harm master trust competition
Podcast: The intent behind universal charges on default funds is sound, but the method — such as the introduction of flat fees — risks harming the master trust sector and restricting access to pensions, according to The People’s Pension’s director of policy Phil Brown. He his joined by his colleague, head of pensions policy Tim Gosling, to discuss charge structures, decumulation solutions, and baffling pensions jargon.
-
NewsL&G ‘well advanced’ with commercial dashboard development
Legal & General is “well advanced” with the development of a commercial dashboard, building on the work done in the alpha and beta stages of the Pensions Dashboards Programme.
-
NewsDC market consolidates by nearly 40% in a decade
On the go: The defined contribution market has shrunk by almost 40 per cent over the past 10 years, according to data published by the Pensions Regulator.
-
NewsDB superfunds can offer employers 10% in savings
On the go: Employers that transfer their defined benefit pension schemes into consolidator vehicles such as Clara-Pensions and The Pension SuperFund could make savings of up to 10 per cent, according to new Hymans Robertson research.
-
NewsThe Pension SuperFund revamps executive structure
On the go: The Pension SuperFund has announced the appointment of a new chief executive officer as part of a governance shakeup as it awaits authorisation from the Pensions Regulator.
-
PodcastsPodcast: DC focus must ‘fundamentally shift’ from costs to value in 2022
Podcast: The focus on defined contribution scheme offerings must “fundamentally shift” from costs to value for money in 2022 if better outcomes are to be achieved. Darren Philp, director of policy and communication at Smart Pension, and Mike Ambery, partner at Hymans Robertson, discuss the DC outlook, expanding auto-enrolment, and reforming Solvency II.
-
NewsParliament moves to ban flat fees on small pots
On the go: Regulations have been laid before parliament that will see flat fees banned for pots of under £100, which the government hopes will benefit hundreds of thousands of savers.
-
News2022 set to be a bumper year for bulk annuities
On the go: 2022 is set to be a busy year when it comes to derisking and could break the record for the largest transaction, according to a report from LCP.
-
NewsRegulators’ value for money paper branded ‘utopian’ by SPP
On the go: The Society of Pension Professionals has criticised the “utopian” value for money discussion paper published by the Pensions Regulator and the Financial Conduct Authority, arguing that there is “no practical way” of achieving the goals set out.
-
NewsClara Pensions to begin accepting transfers after TPR clearance
The Pensions Regulator has cleared consolidator Clara Pensions to begin accepting transfers, opening up a new endgame option for defined benefit schemes.
-
NewsDC consolidation and small pots limit can reduce value for money
A combination of the flat fees charging ban on pots worth less than £100 and an increase in consolidation schemes could reduce members value for money, the Pensions Policy Institute has warned.
-
NewsRegulatory burden prompts fears of trustee exodus
On the go: Three-quarters of employers fear the trustees of their pension schemes will consider resigning rather than face an “onslaught” of regulatory and legislative change, according to a survey from the Association of Consulting Actuaries.