All Defined contribution articles – Page 106
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News
AE review: Welcome reforms not due until mid-2020s
The government will introduce a package of measures to address issues with auto-enrolment, but questions remain over multiple jobholders and the self-employed, while the timescale has drawn criticism.
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News
BT scheme cuts TPA contract short to pull admin in-house
The BT Pension Scheme is moving the administration for its 300,000-member scheme in-house next year, not long into a contract extension with a third-party provider.
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Opinion
Industry is divided over Royal Mail's CDC proposal
Pressure is mounting on the Department for Work and Pensions to lay regulations for collective defined contribution, after mediation between Royal Mail and the Communication Workers Union recommended lobbying government to facilitate their creation of a CDC scheme.
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OpinionChallenging providers is key to boosting value
Questioning service providers, understanding member preferences and striving to ensure effective governance can all help to boost value, explains Legal & General Investment Management’s Emma Douglas.
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Features
Pearson scheme upgrades comms to boost engagement
The Pearson Pension Plan has revamped its member communications and engagement strategy, using the experience to apply a similar approach to the scheme’s member-nominated trustee appointment process.
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Features
What schemes can do to drive value for members
The job of a defined contribution default fund is simple; to generate enough savings to fund a meaningful income for an individual at retirement. Of course, in the real world, it is not as straightforward as that.
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News
UK has lowest net replacement rates of average earners in OECD
A new report has highlighted markedly low replacement rates for UK savers amid increasing pensioner poverty due to ill health, emphasising the importance of increased saving into private pensions.
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Opinion
DC Debate Q4: Mastertrusts, AE and more
Six defined contribution specialists talk mastertrusts, compulsion, and what lessons can be learnt from DC systems around the world.
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OpinionLessons from abroad for averting a pensions crisis
From the blog: The idyllic view of retirees relaxing in comfortable surroundings at home or on holiday with apparently little financial worry is one often portrayed; but it is increasingly becoming an aspiration impossible to realise for the majority of people.
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OpinionEnd retirement confusion with clear savings goal
People should be given a target for their retirement savings, says the Pensions and Lifetime Savings Association’s George Currie.
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FeaturesMNOPF steers towards buy-in and DC merger
As derisking plans accelerate and sponsors seek to reduce the volatility of defined benefit scheme deficits, buy-ins are becoming increasingly attractive.
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OpinionEditorial: Club together?
Editorial: Collective defined contribution is getting another close look. And it probably will do until pure DC can prove it allows people to have a decent retirement.
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News
New regime could reduce number of mastertrusts by a third
The government has set out draft regulations for defined contribution mastertrusts, estimating that the rules will cut the number of mastertrusts to about 56 from currently 87.
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Opinion
DC Debate Q4: Multi-asset to ETFs – which vehicles work for DC?
Six defined contribution specialists discuss what risk means for DC investors, and whether the time is now for ETFs.
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Opinion
How we can cut DB transfer delays
In an increasingly consumer-driven age, the official regulatory standards for the end-to-end time allowed for a defined benefit to defined contribution transfer look positively glacial.
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NewsMPs launch inquiry into CDC
The Work and Pensions Committee has begun an inquiry into collective defined contribution schemes, but experts remain unconvinced of European-style risk-sharing, highlighting intergenerational and moral hazard risks.
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NewsGovernment pushes for patient capital in Autumn Budget
Autumn Budget 2017: Chancellor of the exchequer Philip Hammond stated the government’s desire to see pension funds invest in patient capital as part of its Autumn Budget.
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NewsWorker status at centre of draft bill on gig economy
The Work and Pensions Committee and the Business, Energy and Industrial Strategy Committee have published a draft bill and a report on workers’ rights and the gig economy.
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OpinionWhere is the pensions ice bucket challenge?
An increase in auto-enrolment contribution rates needs to be accompanied and aided by renewed efforts at member engagement using viral media tactics, says Aon Employee Benefits’ Debbie Falvey.
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OpinionTwo ways to help secure member outcomes
Redington’s Robert Gardner explains why investment governance can be crucial for member outcomes.