All Defined contribution articles
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NewsRetirees ‘could lose out’ through guided retirement without strong defaults
As policymakers continue to develop legislation around guided retirement and default solutions, behavioural research indicates that care must be taken in product design.
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NewsIndividuals losing confidence in retirement savings, research shows
Many individuals expect to rely increasingly on their own investments and are losing confidence in retirement savings, according to international research by Amundi.
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OpinionGuided retirement: designing pension systems that work with and for human nature
Paul Sweeting of the Institute and Faculty of Actuaries introduces new research that explains why it is critical that the industry works together to get guided retirement solutions right.
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OpinionBeyond the workplace: Mapping the changing DC pensions market
With the defined contribution sector facing profound changes, the Pensions Policy Institute’s Shantel Okello explains how the organisation’s latest research aims to capture as big a picture of the landscape as possible.
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NewsEmployers keen to embrace AI to support member comms
WTW’s latest UK DC Pensions and Savings Survey found that 80% of employers believe AI will “fundamentally change” communications and engagement around pensions and retirement.
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NewsWork and Pensions Committee to review auto-enrolment minimums
The parliamentary committee has launched an inquiry that will seek to inform the work of the Pensions Commission around low earners and pension saving.
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In DepthVfM: What the industry said about the government’s Value for Money plans
From concerns over forward-looking metrics to calls for the framework to be expanded into decumulation, there has been a huge amount of feedback on the latest Value for Money consultation. Pensions Expert distils the main talking points.
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NewsValue for Money: Industry flags concerns over forward-looking metrics
The Financial Conduct Authority’s consultation process closed this week, as it continues to develop the proposed Value for Money rulebook that the government hopes will strengthen and future-proof DC savings.
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NewsGovernment consults on plan to consolidate 13m small pension pots
The DWP is seeking to establish a “federated” system of consolidator schemes that can automatically combine deferred DC pots worth less than £1,000, where the saver has not done so themselves.
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NewsWomen nearing retirement have 46% less pension wealth than men, PPI finds
Gendered working patterns have the biggest impact on the divide, reducing the median pension wealth of women aged 55 to 59 by 39% relative to men.
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NewsDigital services increasingly important to retirees, Aptia reports
As Pension Awareness Week begins, new research from Aptia shows more and more people are relying on their pension provider’s digital services to make key decisions about their retirement.
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OpinionProspect: Self-employed workers need more help to save for retirement
Steve Thomas, deputy general secretary of the trade union Prospect, says it is not enough just to encourage more saving among self-employed people – they need a sustainable, affordable way to do so.
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NewsTimpsons backs new CDC launch Arboreum Pensions
High street chain Timpsons and food group Vestey are behind the launch of Arboreum Pensions, the latest collective defined contribution pension scheme to apply to the Pensions Regulator for approval.
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In DepthIn Depth: Pensions UK’s responses to crucial consultations as reform takes shape
With a trio of crucial consultations concluding this month, Nick Reeve explores what the pensions industry’s trade association is lobbying for and how it hopes to shape major reforms.
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NewsUncertainty grows over renting costs in retirement, research shows
A Royal London survey estimates that six million people don’t know how they will pay their rent or mortgage in retirement, as evidence mounts of the impending housing crisis for future pensioners.
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NewsScale expectations must be grounded in reality, industry says
The government’s aim to create £25bn defined contribution “megafunds” needs more flexibility and to reflect how assets are invested and governed in practice, according to responses to its latest consultation.
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NewsPMI names 40 trainees for expanded trustee accelerator programme
The Pensions Management Institute is stepping up its efforts to increase the number of trustees working with defined contribution (DC) master trusts with an expanded Trustee Accelerator Programme.
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OpinionAre AI tools fuelling an emerging pension complaints risk?
Generative AI can turn member dissatisfaction into a detailed complaint within minutes. Trustees should respond by strengthening the support provided before retirement decisions are made, writes Guiide’s Philip Hodges.
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OpinionCan the Pensions Commission address systematically unequal outcomes?
Ieuan Solanki, Vidett The debate over automatic enrolment reform highlights the difficulty of improving retirement outcomes for low earners. As fresh analysis from the Pensions Policy Institute makes clear, even widely supported changes involve trade-offs. Perhaps the bigger question is whether the pensions system is trying to ...
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OpinionOwn Risk Assessment: The starting point for pension board effectiveness
Vidett’s Kelly Newton looks at what the new ORA requirement means for trustee boards, and how to get the most out of the process.