All Defined contribution articles
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NewsAI pension scams put employers under pressure to strengthen fraud warnings
Employers are being urged to strengthen pension scam awareness as artificial intelligence makes fraudulent communications harder for savers to distinguish from legitimate contact.
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NewsTPT introduces CDC modelling tool ahead of multi-employer scheme launch
TPT Retirement Solutions has introduced a new modelling capability designed to support the launch and ongoing management of collective defined contribution pension schemes.
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NewsAon plots entry into CDC market after rulebook enacted
Collective DC could “revolutionise” the UK pension system, according to Aon’s Chintan Gandhi, as the consultancy prepares to launch an offering in 2028.
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NewsWhy pension schemes could be ‘failing’ members outside of the office
Pension schemes need to do more to engage with people who do not typically work at a desk, according to new research from Quietroom.
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OpinionTo make a success of guided retirement, trustees need to know their members
Default retirement offerings pose a difficult problem for DC pension schemes and trustee boards, as Ortec Finance’s Mark Glover explains – but the challenge is not insurmountable.
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NewsHow employers can bridge the pension confidence gap
More than four in 10 workplace pension members would turn to their employer for retirement support, as research finds communications are failing to build confidence or prompt action.
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NewsTPR targets ‘no surprises’ as CDC application process opens
The Pensions Regulator has opened its application process for multi-employer CDC pension schemes, with providers expected to begin submitting their proposals later this year.
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OpinionLong-term vision in a short-term world: Building a pension system that endures
Paul Sweeting, president of the Institute and Faculty of Actuaries, proposes three challenges for the Pensions Commission – and the wider retirement sector – to consider as the work to improve adequacy continues.
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NewsHousing benefit does not support pension saving, PPI research finds
Every £1 of private pension income reduces housing benefit entitlement by 65p, the Pensions Policy Institute reports, leaving only 35p as an improvement to a person’s disposable income.
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FeaturesCDC: Pensions industry showing cautious interest in new model, polls show
As legislation facilitating collective defined contribution pension schemes edges closer, professionals are eager to discover what the new model could bring. However, the consensus is not universal, as Sara Benwell and Nick Reeve report.
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NewsNo one answer to low earners’ pension dilemma, says PPI
No single change to the auto-enrolment regime will protect all low earners, according to the Pensions Policy Institute, with the removal of the lower earnings limit posing short-term affordability issues for many.
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OpinionPower to the people: Manchesterism, megafunds and member-nominated trustees
As new prime minister Andy Burnham sets out his plans for the UK, Janice Turner, honorary president of the Association of Member Nominated Trustees, contrasts his devolution approach with the consolidation of defined contribution pension schemes.
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NewsPension transfer reform needs rethink to ensure consistency, industry says
Respondents to a government consultation have warned that some elements need more work, including a requirement for ceding schemes to assess the appropriateness of a receiving arrangement.
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ArticleScale and consolidation: Finessing the detail of the £25bn target
The government has sought to provide more clarity on elements of its scale and consolidation plans ahead of a full consultation next year.
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In DepthIn Depth: Inside the government’s pensions policy bonanza
From Value for Money to surplus release via scale and consolidation discussions and levy arguments, Monday’s roadmap announcement has given the pensions industry a lot to think about.
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ArticleHighlights from Torsten Bell’s speech to launch the updated reform roadmap
Key excerpts from pensions minister Torsten Bell’s address at Mansion House on 13 July, in which he set out the need for cohesive action across the government’s reform agenda.
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ArticleGuided retirement: Is delaying implementation good or bad?
Last week’s regulatory update saw the guided retirement timetable adjusted to coincide with the CDC rulebook – but will this put some retirees at a disadvantage if support services are delayed?
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ArticleValue for Money: A pragmatic delay, but with much work still to do
The Value for Money regime is on its way, but with the rulebook still in development, what does the pensions industry make of the government’s latest thinking on this crucial reform?
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NewsSix in 10 pensions professionals doubt CDC will gain traction
Explaining how CDC works could be a major obstacle to the model’s success, according to industry professionals polled by Sackers. Almost half of respondents said key features would be challenging to communicate.
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NewsTrade bodies hit back as master trusts face planned 9% levy increase
A consultation on levy changes was published by the Department for Work and Pensions earlier this week, proposing significant increases in payments in an attempt to cover a rising funding shortfall.