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Latest DC news
TPT unveils ‘groundbreaking’ retirement income offering
The announcement comes after the government published plans for default post-retirement offerings in the Pension Schemes Bill last week.
Employers risk fines amid struggle to comply with auto-enrolment
Businesses risk non-compliance and fines after research found that just over half of employers are confident their pension scheme complies with automatic enrolment regulations.
‘Game changer’: Pension Schemes Bill laid before parliament
The government will today introduce the much-anticipated Pension Schemes Bill to parliament, setting the stage for a wide-ranging and ambitious overhaul of workplace pensions in the UK.
Cheviot revamps operational and investment models to boost master trust offering
The master trust provider has struck new partnerships with Spence & Partners and Van Lanschot Kempen as it seeks to modernise its services to defined benefit and defined contribution clients.
How the Pensions Investment Review will change DC default funds
The government has set out a multi-year vision for how DC consolidation will play out, with transition plans to be put in place to help smaller providers reach its coveted £25bn target.
Collective defined contribution news
Decumulation CDC is a natural fit for the UK’s maturing DC pensions
Simon Eagle, a member of the Institute and Faculty of Actuaries’ (IFoA) collective defined contribution working party, explains that traditional defined contribution retirement in the UK is on the verge of a major transformation.
The UK’s pension system needs reform – and purpose
Investing in the just transition through UK businesses can boost the economy, help the planet and improve pension outcomes, argues the Finance Innovation Lab’s Jesse Griffiths.
Risk pooling and fairness in collective defined contribution pension schemes
For CDC to succeed, providers, employers and members need to understand and be comfortable with the pooling of risks, writes the Pensions Policy Institute’s Tim Pike.
TPT preparing to launch first multi-employer CDC scheme
The announcement follows confirmation that the government will publish legislation enabling collective defined contribution schemes later this year
More DC news
PLSA warns against making UK investment mandatory
Giving the government the power to force particular asset allocations could undermine trust in the pensions system and introduce downside risks for pension schemes, the trade body has said.
A step too far? Mandatory UK investment remains a threat after Pension Investment Review
The forthcoming Pension Schemes Bill will give the government the power to force pension funds to invest in the UK.
Government sets out £25bn ‘megafunds’ plan for DC funds
Pensions Expert is covering all the major talking points from the long-awaited Pensions Investment Review, including legislative ‘backstops’ for UK investment and LGPS pooling, and measures to aid the consolidation of DC pension schemes. Our coverage is summarised here or available elsewhere on the website.
Is the government about to sacrifice salary sacrifice arrangements?
Research published this week by HM Revenue & Customs (HMRC) suggests that the government could cut back on the tax benefits of salary sacrifice arrangements, according to industry experts.
Comment and opinion
The Friday Takeaway: Retirement riddles and toddlers’ trousers
Decumulation CDC is a natural fit for the UK’s maturing DC pensions
AI in pensions: An opportunity not to be missed
Why payroll savings is a great idea – and how the finance industry can deliver it
Risk pooling and fairness in collective defined contribution pension schemes
How freedom and choice reshaped retirement – and what we can do next