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Latest DC news
Employers ‘must address pension inadequacy’ to avoid long-term problems
The consultancy warns that retirement income shortfalls could hit companies hard by creating a demographic bottleneck in the workforce and driving stress-related drops in productivity.
LV= launches retirement planning tool with Guiide as decumulation services grow
The launch comes as providers seek to pre-empt the Pension Schemes Bill by developing post-retirement decumulation options and support services.
LifeSight eyes retirement CDC as industry awaits rulebook
The LifeSight master trust plans to launch a retirement-only collective defined contribution offering, it announced today, as the pensions industry anticipates a new regulatory framework later this year.
Fresh calls for contribution hikes as adequacy comes into focus
With the Pensions Commission expected to produce its first interim report next month, new research has explored contribution rates and optimal ways to support savers who are facing shortfalls in retirement.
TPR steps up DC consolidation drive as master trust domination increases
Trustees of DC pension schemes need to keep their arrangements under review and consider consolidating into larger schemes if they are not delivering value, TPR has said.
Collective defined contribution news
LifeSight eyes retirement CDC as industry awaits rulebook
The LifeSight master trust plans to launch a retirement-only collective defined contribution offering, it announced today, as the pensions industry anticipates a new regulatory framework later this year.
Regulator’s CDC code welcomed, but more work needed
TPR’s consultation on a combined code of conduct for single-employer and multi-employer CDC schemes closes this week, a move that commentators said should be more manageable and straightforward than separate codes.
Outlook 2026: Making collective DC a reality
Pensions Expert asked CDC experts for their views on what 2026 holds for the nascent CDC sector, what challenges are still to be met, and how proponents should communicate this new model to savers.
SPP: The long road from CDC concept to reality
The collective defined contribution (CDC) concept is slowly gaining traction, but Iain McLellan of the Society of Pension Professionals asks whether it needs its own ’electric vehicle moment’ to gather more traction across the industry.
More DC news
Amber alert: Industry weighs risks of Value for Money ratings
Amber ratings being introduced through the Value for Money framework should encourage dialogue and reform, not knee-jerk reactions, regulators say.
Employers back higher auto-enrolment contributions but call for flexibility
Polling of 500 business leaders found that 43% think contributions should be increased, compared with 36% who believe they should remain at current levels.
Master trusts should prepare now for scale requirements, TPR says
The regulator set out principles to help trustees evaluate whether their schemes are likely to meet the proposed scale thresholds and how they should evidence future growth.
Setting the scale test: How the DWP plans to get DC funds to £25bn
The Department for Work and Pensions has set out how it expects master trusts and other DC providers to hit the £25bn scale requirement set out in the Pension Schemes Bill.
Comment and opinion
IFoA: Give pension savers a seat at the table
Is running on DB schemes a bridge to stronger DC outcomes?
Trusteeship and administration: Preparing for a consolidated future
PPI: There’s more than one way for a pension to be inadequate
Rory Murphy: Should pension funds be more Machiavellian?
The Friday Takeaway: It won’t be easy being (dark) green