All Defined contribution articles – Page 104
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NewsEquity release plans hit record levels
The value of equity release plans surged past £800m in a single quarter for the first time in Q3 2017. The 9,905 new plans agreed between July and September represent a 34 per cent rise from Q3 2016.
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News
DC schemes to give members cost information online only
Defined contribution schemes should disclose costs and charges to members by signposting a link in their annual benefit statement, the Department for Work and Pensions has proposed, as the industry agrees communications need to be kept simple.
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News
DWP draft regulations to open up DC consolidation
The Department for Work and Pensions has attempted to smooth the path towards consolidation of defined contribution arrangements with draft regulations published on Thursday.
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News
Experts call for tempering of freedoms
The UK pension system lags many of its European peers in a report out this week, which recommends restoring the requirement to take savings as an income stream.
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Opinion
Do we really need members to be engaged?
For most of the past half century, membership of workplace pensions in the private sector has been in steady decline.
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NewsOpperman discloses timetable until spring
PLSA Annual Conference 2017: Pensions minister Guy Opperman provided some clarity on timescales for the dashboard and progress on the creation of a single financial guidance body in a speech at the Pensions and Lifetime Savings Association’s annual conference.
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NewsRecreation and retirement do not go hand in hand, say experts
PLSA Annual Conference 2017: The association between retirement and a luxurious lifestyle of holidays is financially unsustainable and should be challenged, say experts, as the industry considers how to improve saving rates.
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NewsAE review: Consensus on solutions is still lacking
PLSA Annual Conference 2017:Despite unanimity on the need to increase coverage and boost contributions, there is still a distinct lack of consensus on exactly how to address these issues, according to independent advisers on the government’s auto-enrolment review.
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NewsFCA: Half of UK adults show signs of financial vulnerability
The Financial Conduct Authority’s largest survey of UK consumers’ financial habits has identified concerns around financial resilience and undersaving, as experts urge improvements to the auto-enrolment framework.
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OpinionShould your DC scheme move to a master trust?
The decision to move a defined contribution scheme to a master trust all depends on an employer’s priorities and philosophy, according to John Wilson and Stephen Coates at JLT Employee Benefits.
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News
Auto-enrolment strikes a chord with small businesses
Small and micro employers are finding auto-enrolment less costly and time-consuming than they had anticipated, research by the Department for Work and Pensions has found.
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FeaturesNottinghamshire to create portals for improved admin
The Nottinghamshire County Council Pension Fund is implementing portals for both employers and members as part of a push to improve administration across the scheme.
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News
Timetable risks breaking dashboard consensus
The Association of British Insurers has called on government to legislate for schemes to provide their data to the pensions dashboard amid criticism a hasty delivery could leave the project failing consumers.
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Features
Could a shift in AE contributions balance raise saving levels?
Analysis: As questions remain over the adequacy of auto-enrolment contributions, a shift in the balance between employers and employees might provide the answer towards raising retirement saving levels.
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Features
Can multinationals achieve consistency in benefits?
Analysis: Multinational companies often run several complex pension schemes across multiple jurisdictions, but different tax and benefit rules around the world can pose various problems for companies looking to achieve consistency in benefits.
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NewsPLSA proposes national retirement income targets
The Pensions and Lifetime Savings Association has suggested the introduction of Australian-style national retirement income targets in its latest consultation paper.
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News
Could DGFs deliver a better DC experience?
Analysis: The perceived wisdom of defined contribution investment had always been one that places an emphasis on simplicity.
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NewsHMRC abandons VAT policy on insurer exemption
HM Revenue & Customs has adapted its policy on the VAT treatment of pension fund management conducted by insurers, removing an exemption for all services, other than those supplied to "special investment funds".
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NewsLeonardo protects trustees with new company
Leonardo’s defined contribution scheme is creating a company to shield trustees from personal liability as the freedoms have introduced new risks for DC trustees.
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NewsOrchestra votes for lower pay rise to up pensions
Members of the Royal Opera House orchestra have voted in favour of taking a lower pay rise to fund an improved pension scheme for new and future members, a decision that has struck a chord with experts.