All Defined contribution articles – Page 108
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News
More calls for education as lump sum figures raise questions
Pensions education and default funds must be improved to ensure the success of auto-enrolment, experts have said, as findings raise questions about the risks members are taking.
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News
Advice requirement rules could spell end to consumer confusion
The Department for Work and Pensions last week issued a consultation on draft regulations aimed at simplifying the way safeguarded flexible benefits are valued in relation to the freedom and choice advice requirement.
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FeaturesDHL transition exercise delivers savings for members
Postal and logistics company DHL has saved £2.3m for members of its UK defined contribution pension fund by trading investments between members at no cost following an investment transition.
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News
Select committee inquiry: What should change to safeguard DB?
As the deadline for submitting views on defined benefit to the Work and Pensions Committee has passed, experts say there is a need for greater flexibility, potential benefit reductions and increased powers for the Pensions Regulator.
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Features
Retirees avoid overspending yet more become insolvent
Analysis: New figures suggest defined contribution savers reaching retirement might be overspending and increasing their risk of poverty in later years, but experts warn this could be a false alarm.
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Opinion
Active management of passive funds – a viable strategy for DC?
Since the introduction of freedom and choice, value for money has been high on the agenda for defined contribution schemes. As trustees try to keep on top of costs, could an active asset allocation approach work for schemes with underlying passive funds?
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News
Education and advice needed for future of saving
Closing the advice gap is crucial to preventing poor outcomes, as the need for savers to be educated about what will be necessary for retirement and the risks they face has increased.
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OpinionHow to take some of the worry out of market volatility
Large falls in financial markets have the potential to seriously knock the confidence of defined contribution savers. A 2014 DC member survey, for example, underlined a troubling degree of aversion to sudden falls in pension savings.
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News'Patchwork quilt' of solutions threatens drive for transparency
Regulators and consumer groups have been warned against installing a “patchwork quilt” of solutions to increase transparency in asset management, as remedies to hidden charges within funds begin to emerge.
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News
RQM: Driving up standards or duplicating regulations?
The Pensions and Lifetime Savings Association has launched its Retirement Quality Mark for drawdown, but some have questioned the need for the standards in their current form.
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News
Pensions dashboard prototype to launch by next spring
The Treasury has said it will be working with 11 pension providers to release a prototype of the pensions dashboard by March 2017.
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FeaturesCAF exits multi-employer scheme to set up own fund
The Charities Aid Foundation has withdrawn from a multi-employer defined benefit pension plan and established a new DB scheme, removing its exposure to other employers’ pension liabilities.
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News
Scheme rules may block Treasury's advice allowance plans
The Treasury has opened a consultation on the introduction of a pensions advice allowance, which would allow members of defined contribution schemes to use up to £500 of their pot to pay for tax-free regulated financial advice.
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OpinionGovernance, guidance and good investing – the DC Debate part 2
Eight panellists discuss the new defined contribution code of practice, the future of free guidance and the role of behavioural finance.
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OpinionHow bright is the future for AE – the DC Debate part 1
In the third DC Debate of 2016, seven defined contribution experts reveal their thoughts on automatic contribution increases, small businesses which mean business, and the possibility of Nest entering the decumulation market.
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OpinionDC members and illiquid assets – a perfect match?
If you ask members of defined contribution pension schemes what they want, they would typically list, perhaps with some prompting: high investment returns, certainty, no negative performance, low charges and immediate access.
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Features
Norcros moves to mastertrust in bid to improve governance
Bathroom and kitchen products company Norcros is transferring its money purchase section to a mastertrust arrangement to provide "more focused governance" and greater flexibility.
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News
New DC code of practice: Greater clarity, but niggles remain
The Pensions Regulator this week published its new defined contribution code of practice, clarifying its position on a number of issues, but experts still had questions about its criteria for assessing value for scheme members.
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News
DC default funds: Experts divided on best strategy
Huge variations in the risk profiles and investment strategies of DC default fund offerings are putting savers’ retirement provision at risk, according to a recent study.
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NewsEurope sneezes, the world catches cold: ICI falls 7.7 points in a month
State Street’s monthly Investor Confidence Index for July fell by 7.7 points globally from June, driven primarily by a drop in the European index following recent turmoil in the region.