All Defined contribution articles – Page 101
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News
Now Pensions withdraws from mastertrust assurance list
Now Pensions has removed itself from the Pensions Regulator’s list of schemes that have obtained mastertrust assurance for automatic enrolment, citing historic problems processing client contributions.
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OpinionHow to prepare for the FCA's assessment of transfer advisers
From the blog: Pension transfer advisers are stuck between a rock and a hard place. The Financial Conduct Authority is taking an intrusive and robust approach to regulating the industry, in many cases closing down businesses because they are not satisfied with their advice and methods.
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News
Life events key to engagement, report finds
Moving house, getting a job or starting a family could be the best moments to get people saving, a new report says, but stresses the risks of engagement and continued role of default options.
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NewsRetail platforms review could be 'benchmark' for institutional side
The Financial Conduct Authority has kick-started a review into retail platforms to understand if the fast-growing market provides value for money to consumers, as some have called for extending its scope to the institutional side.
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News
FCA cites ways to crank up consumer protection amid competition concerns
The rising number of consumers who buy drawdown without advice has given prominence to the need for greater support and protection, says the Financial Conduct Authority.
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Opinion
How will the DGF market develop?
Will the diversified growth fund sector grow or shrink? And do illiquid assets have a role to play in DGFs? Shuntao Li from Barnett Waddingham, Percival Stanion from Pictet Asset Management, Murray Taylor from JLT Employee Benefits, Neil McPherson from Capital Cranfield and Naomi L’Estrange from 2020 Trustees discuss how the market is likely to develop.
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News
Taylor review urges action on increasing AE coverage
The Matthew Taylor Review of Modern Working Practices highlights ways in which self-employed people could be helped to save for retirement, but questions remain.
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News
Default offerings fail to inform savers adequately
More than a third of default fund providers are failing to meet regulatory guidance asking them to clearly state their product’s objective, according to a new report that highlights communications failings in the sector.
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News
Nest unveils sidecar savings trial plans
The research arm of mastertrust Nest is planning to trial a new savings product in 2018, which will split contributions between a pension pot and a “rainy day” fund, in an effort to improve short-term financial health.
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News
Cridland: Longevity as big an issue as climate change
Savers need to be more aware of the consequences of an ageing population on retirement saving, with providers, regulators and employers all having a part to play in improving engagement, say experts.
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NewsGauke calls for government and industry collaboration
In his first speech as Secretary of State for Work and Pensions, David Gauke called for consensus and collaboration to ensure a positive future for pensions, but admitted that it will take time to address some of the more challenging policy issues, from pensions tax relief to extending auto-enrolment to the self-employed.
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NewsLady Judge: Employees want pensions in benefit package
Small and medium-sized employers who underestimate the value placed on pension benefits by employees are hindering their ability to attract and retain staff, former Pension Protection Fund chair Lady Barbara Judge has warned.
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Opinion
Could improved understanding revive the annuity?
Analysis: Many savers have been reluctant to purchase an annuity following the government’s introduction of freedom and choice in 2015, but should they be nudged to reconsider their options?
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OpinionOver-75s should benefit from tax relief
From the blog: Life expectancy is on the increase and with it people’s appetite for working longer. The range of flexible decumulation options is also growing.
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News
Over-confident savers back property before pensions
Almost half of UK savers continue to believe that property is the best way of providing for retirement, according to a survey by the Office for National Statistics, which highlights the challenge facing government.
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Opinion
How are DGFs being used in DC?
How are defined contribution schemes using diversified growth funds, and what roles do member engagement and cost constraints play? Naomi L’Estrange from 2020 Trustees, Shuntao Li from Barnett Waddingham, Neil McPherson from Capital Cranfield, Murray Taylor from JLT Employee Benefits, and Percival Stanion from Pictet Asset Management discuss DGFs in DC and the issue of fees.
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OpinionGDPR: Why trustees need to take notice
Significant changes to data protection law are due to come into force on May 25 2018 in the form of a new EU General Data Protection Regulation.
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NewsFCA transfer proposals welcomed but timeline draws criticism
The Financial Conduct Authority’s new proposals on pension transfers have been widely welcomed across the industry, but concerns around the 2018 implementation of the final rules remain.
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Features
Addressing career flexibility could help tackle gender pensions gap
The gender pay gap is a multi-faceted problem that needs a multi-pronged approach, experts say — from financial education to adapting the pensions system to assist flexible working.
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News
Income security needed to bolster drawdown products
Drawdown solutions must be improved to offer pensioners greater certainty that their retirement income will last, a panel of specialists told Pensions Expert last week.