All Defined contribution articles
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News
Stop tweaking and start transforming pensions, says tech provider
UK policymakers must rethink the meaning of pension adequacy and use established solutions as benchmarks to deliver better retirement outcomes, according to Festina Finance, a European pension administration technology provider.
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News
Smart invests in renewable energy strategy as part of private markets push
The £330m move will see the master trust support innovative companies like Kensa, which manufactures ground source heat pump technology.
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Opinion
Unlocking value through diversification, decumulation and infrastructure
Mobius’s Hugh Cutler explores how the defined contribution landscape has changed – and what pension schemes and providers must do to keep ahead of the curve.
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News
Pension funds bring in Australian ratings firm to support value for money work
SuperRatings – which assesses Australian superannuation funds – attended an industry event to help UK pension funds and regulators develop this country’s value for money regime.
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Opinion
Tackling ethnic disparities in pension participation through inclusive scheme design
Qamar Shazad and Adam Hayes of the Institute and Faculty of Actuaries call for policy changes to improve pension coverage for minorities.
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Opinion
IFS: Three key recommendations for the Pensions Commission to consider
With the Pensions Commission relaunched this week, the Institute for Fiscal Studies’ Jonathan Cribb outlines three focus areas from the institute’s recent two-year pension system study.
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News
Aviva launches ‘guided retirement’ offering for master trust members
Aviva is the latest company to introduce a flexible retirement product, with the Pension Schemes Bill requiring providers to offer default pension income solutions.
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Features
Case study: First Bus bypasses master trusts for a bespoke DC route
First Bus’ defined contribution (DC) pension scheme has opted not to consolidate into a master trust so far. Head of pensions Muntazir Hadadi explains why, with contributions from the scheme’s lawyer and members.
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News
Now Pensions slapped with £100k fine for reporting failures [updated]
The master trust and its trustee company have been fined £50,000 each over communication failings and issues around reporting incidents to the Pensions Regulator.
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News
Liz Kendall indicates adequacy review to begin next week
The work and pensions secretary told MPs yesterday that she was “very concerned” about the challenges facing pension savers and that the government would have “more to say” next week before parliament goes to recess.
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News
PMI criticises omission of adequacy review from Mansion House speech
Rumours had swelled in recent days that the chancellor would use her address to announce phase two of the government’s Pensions Review.
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News
Employers pledge to ‘prioritise value over cost’ ahead of adequacy review
More than 20 major employers have committed to prioritising pension value over cost, in a move designed to improve outcomes for millions of UK workers.
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News
Smart targets £10bn by next year as Mody takes over as chair
Raj Mody will succeed Andy Cheseldine as chair of Smart Pension’s master trust board on 1 September.
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News
Asset managers get behind ‘targeted support’ drive for pension savers
The asset management industry’s trade body has said the planned ‘targeted support’ regime for people approaching retirement will be “critical” in ensuring good outcomes.
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News
Nest approaches £50bn and begins paying back government loan
The master trust made a “modest” profit for the first time in the 2024-25 financial year, allowing it to begin repaying its £1.2bn government loan.
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News
Own-trust DC schemes ‘have the edge’ over master trusts, research shows
Barnett Waddingham research shows that employers with larger DC schemes are not always choosing to consolidate into master trusts, with single-employer approaches winning on factors such as member engagement.
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News
How employers plan to change their DC pension provision
The anticipated overhaul of DC pension schemes through the Pension Schemes Bill could see a majority of employers make changes to their provision, research indicates.
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Opinion
The power of marginal gains in pension investing
The recent signing of the Mansion House Accord by 17 major UK pension schemes has put pensions and investment returns firmly under the spotlight, writes People’s Partnership chief executive officer Patrick Heath-Lay.
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Opinion
The Friday Takeaway: We’ve got bills, they’re multiplying
Defined benefit pension schemes have been left rather upset by an unexpected bill, but could be rescued by a different Bill, as Pensions Expert editor Nick Reeve explores.
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Opinion
Is the UK pensions industry doing the right thing the wrong way?
David Whitehair, chair of the Defined Contribution Investment Forum, argues against mandation of asset allocations and instead calls for investible assets and better governance.