All Defined contribution articles – Page 113
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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
Claire Bell explains how schemes should prepare to comply with the new data protection regulation ahead of its launch next year.
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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.
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News
FCA cracks down on transfer advice
Pension consultants have welcomed the Financial Conduct Authority’s adoption of a tough stance on companies advising on defined benefit transfers, calling it a “price worth paying” for member security in retirement.
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News
Webb: Tories 'terrified' of AE contribution hike
The Conservative party is “terrified” to make changes that will safeguard pensions adequacy and enable older savers to leave work when they want, former pensions minister Sir Steve Webb has said.
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NewsFCA final rule changes unlikely to help, experts say
The Financial Conduct Authority has published its final rules on requiring firms to provide an information prompt to consumers to improve shopping around in the annuity market, setting out a number of changes including an enhanced annuity warning.
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Opinion
How to decide which DGFs are worth investing in
How do schemes choose the correct DGF or the right DGF manager? Adam Porter of Hymans Robertson takes us through the selection process.
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News
Ideas from overseas can up engagement, report finds
The Pensions Policy Institute has published a report looking at consumer engagement with pensions and financial products across the world, highlighting numerous lessons the UK can learn from overseas.
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Opinion
DC Debate Q2 (part 2): The limits of DC
In the second DC Debate of 2017, seven defined contribution specialists discuss why schemes will look for more delegation, whether member engagement can be counterproductive, and if auto-enrolment should be extended.
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Opinion
DC Debate Q2 (part 1): Are equities best for defaults?
In the second DC Debate of 2017, seven defined contribution specialists discuss ESG in default funds, and what to say to members when markets fall.
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News
Advice suitable but disclosure too complex, finds FCA
The Financial Conduct Authority has published the findings from its review into the suitability of pensions and investment advice, but while the results are reassuring, experts say more needs to be done to make advice less convoluted.
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Features
How DC schemes should approach smart beta
How should defined contribution schemes approach smart beta, and how will environmental, social and governance focused investment change the sector? Eric Shirbini from ERI Scentific Beta, Julien Barral from bfinance, Alan Pickering from Bestrustees, James Price from Willis Towers Watson and Paul Black from Capital Cranfield discuss.
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NewsBlockchain and bitcoin: Trustees urged to adapt to change
Many are still unfamiliar with the concept of bitcoin and blockchain, but experts say the pensions industry must engage with technology and accept change to adapt to an increasingly digital world.
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Opinion
What drives the appetite for smart beta among UK pension schemes?
What is drawing pension schemes to smart beta? Eric Shirbini from ERI Scientific Beta, Julien Barral from bfinance, Alan Pickering from Bestrustees, James Price from Willis Towers Watson and Paul Black from Capital Cranfield discuss transparency and trustee training.
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Opinion
Should trustees review their advisers more often?
Analysis: There are myriad tasks involved in running a pension scheme, so time is precious and efficiency is key. But when it comes to evaluating advice, how can trustees measure performance, and should they be reviewing their consultants more frequently?
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News
Millennials' lack of financial confidence could threaten AE
Government, employers and pension schemes must lead a collaborative drive towards better financial education and diversity, experts urged, in response to a study of millennials’ financial habits.
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News
Small employers urged to plan ahead as more miss staging deadline
A rising number of small employers are missing their auto-enrolment staging deadline, a new study has shown, as experts highlight the importance of being prepared and planning ahead to make sure employees benefit from a pension.
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NewsMPs call for government to put brakes on 'free riding' gig economy firms
The Work and Pensions Committee has called for employee and self-employed national insurance contributions to be equalised, arguing that following the introduction of the new state pension, the self-employed contribute far less.