All Defined contribution articles – Page 115
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OpinionAre mastertrusts financially stable?
Professional trustee company PTL’s Richard Butcher takes a closer look at the financial risks mastertrusts take.
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FeaturesThe push-me-pull-you: In which direction is UK retirement saving headed?
Analysis: The introduction of a workplace Isa, mooted in a new proposal this week, could present both the UK workforce and employers with a radical new alternative, but how can developments in government policy drive the sea change needed in the UK’s savings culture?
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News
Consultations to flesh out details of secondary annuity market
The Financial Conduct Authority and HM Revenue & Customs have both launched consultations to shed further light on how the secondary annuity market could work, but questions were raised about the projected level of take-up.
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News
Women undersave due to childcare, but AE carer credits unlikely
Women do not save enough for pensions due to the persistence of the breadwinner model and a lack of confidence in their own financial aptitude, a new study shows. Despite this, a proposal to introduce carer credits to auto-enrolment was rebuffed by the pensions minister this week.
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News
How alignment of interests can improve member outcomes
Real change in the investment industry is needed to drive alignment of interests along the value chain, delegates at the CFA Professionalism Conference heard, as panellists criticised the current state of communication between fund managers and asset owners.
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News
ABI launches consultation on jargon-busting to empower members
The Association of British Insurers has this week launched a consultation and draft guide aimed at simplifying the language used to explain freedom and choice to savers.
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News
Regulator announces mastertrust crackdown
The Pensions Regulator has announced plans to crack down on poorly governed mastertrusts, as auto-enrolment begins to show clear winners and losers among schemes.
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News
TPAS call volumes balloon since freedoms
The Pensions Advisory Service has seen a 71 per cent increase in enquiries since the introduction of freedom and choice in April last year, showing the need for accessible guidance.
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News
Aldermore ups matching in employee retention drive
Retail banking group Aldermore has increased its matching contribution offering as part of a wider overhaul of employee benefits aimed at improving employee retention.
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OpinionFreedom and choice one year on – how far are we now?
Recent data on how pension funds are being used shows a need for direction from employers, trustees and providers in the wake of freedom and choice, says Mark Pemberthy from JLT Employee Benefits.
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OpinionRe-enrolment: Pitfalls your scheme should look out for
Re-enrolment seems straightforward but there are a few wrinkles to look out for, says Linklaters’ Sarah Parkin.
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Features
Hubbub probes ESG ahead of provider appointment
A small charity is prioritising environmental, social and governance factors in the selection of its workplace pension provider, making use of recent analysis which ranks the UK’s nine largest providers according to their responsible investment practices.
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News
Withdrawals slow as freedom and choice demand eases
The pace of withdrawals from defined contribution pension pots started to slow in the three months between October and December 2015, as pent up demand following the introduction of freedom and choice began to ease.
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OpinionA closer look at the Lisa
The Pensions Management Institute’s Tim Middleton questions the Lifetime Isa’s real purpose and asks what effect it will have on society.
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News
Annuities gain ground on drawdown as savers seek income for life
The anticipated plundering of pension funds following the implementation of the freedom and choice reforms last April has failed to materialise, according to data from the Association of British Insurers.
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News
More than a third support Lisa expansion, research shows
Many under-40s are planning to save into Lifetime Isas alongside their workplace pension, research commissioned by mastertrust Now Pensions this week revealed, but support for expansion of the new savings vehicle could pose a threat to pensions.
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OpinionBreak down DC charges to assess value for money
Value for money is at the heart of defined contribution, but asset manager AB’s David Hutchins says cheap investments do not always make for a cheerful retirement outcome.
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Opinion
What the latest IGC reports tell us
Analysis: For as long as the term 'independent governance committee' has been floating around the pensions industry there have been questions about how they will work.
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News
Tesco gears DC default towards freedoms
Supermarket Tesco has a new default investment structure aimed at allowing members to access the full range of freedoms in its recently established defined contribution plan, but administrative complexity still holds many schemes back.
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Features
Long-term saving solution continues to elude pensions industry
Missed by many amid the Budget’s pomp and circumstance, the summary of responses to the government consultation – ‘Strengthening the incentive to save’ – contains a resounding call for stability but no clear solution to the nation’s savings crisis.