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Latest DC news
Aptia seeks to expand service offering with Atkin Pensions acquisition
Administration provider Aptia has also hired Stuart Heatley from Capita to lead a new unit that will provide bundled consultancy and actuarial services.
One in five workers faces retirement poverty as adequacy gap widens
Research from Scottish Widows and Fidelity International shows millions risk poverty in retirement, as longer lives and low engagement threaten future income security.
Industry hails ‘major step forward’ as collective DC laws head to parliament
The government will lay legislation in parliament tomorrow paving the way for multi-employer collective DC schemes, and will also consult on ‘retirement only’ arrangements.
Raising auto-enrolment contributions ‘could bankrupt businesses’
With auto-enrolment contributions one of many things the Pensions Commission is considering, new research indicates that many businesses are not in sufficient shape to cope with higher payments.
Nest backs UK businesses through Schroders and IFM commitments
The master trust has allocated to UK private equity through an expanded partnership with Schroders Capital, and has begun deploying money through its arrangement with IFM Investors into UK infrastructure-related businesses.
Collective defined contribution news
TPT names professional trustee trio to collective DC scheme board
Zedra’s Kim Nash will chair the CDC scheme’s trustee board, alongside Vidett’s Alison Hatcher and Falcon Trustees’ Venetia Trayhurn, with the trio set to oversee the scheme’s authorisation process next year.
Industry hails ‘major step forward’ as collective DC laws head to parliament
The government will lay legislation in parliament tomorrow paving the way for multi-employer collective DC schemes, and will also consult on ‘retirement only’ arrangements.
Video: Sophia Singleton on pension reforms, adequacy, and inclusion
Having recently passed the halfway mark in her presidency of the Society of Pension Professionals, Sophia Singleton looks back on a busy initial period and ahead to the challenges and opportunities facing the pensions sector.
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.
More DC news
Pension engagement and profitability ‘go hand-in-hand’, research suggests
Two-thirds of UK businesses that take an active role in educating employees on pensions reported ‘very good’ financial performance, according to new research from Scottish Widows.
Pensions UK outlines feasibility study for small pots consolidation
Pensions UK Annual Conference: A feasibility review of small pots consolidation, overseen by Pensions UK, has found that more than a million pots under £1,000 could be consolidated, while approximately 800,000 pots are unlikely to be consolidated.
‘Traffic light’ approach to VfM underperforms in consumer testing
The ‘red, amber, green’ proposed approach to value for money in defined contribution (DC) pension schemes has performed poorly in a recent behavioural finance exercise commissioned by The People’s Partnership.
Pensions Commission: Interim report expected in the spring
Baroness Jeannie Drake and Professor Nick Pearce addressed the Pensions UK Annual Conference this week to outline their approach to assessing and addressing adequacy issues.
Comment and opinion
Why pensions administration is having a ‘Cinderella moment’
Why the success of targeted support is so important
Adequacy is the challenge of our time – but what can be done?
Irritation or anxiety? The financial impact of member data errors
The Friday Takeaway: We can be (pension) heroes
Looking ahead to the Pensions UK Annual Conference