All Defined contribution articles – Page 116
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NewsRestructure or rebrand: Finmeccanica’s DC changes
The decision by FuturePlanner, Leonardo-Finmeccanica’s defined contribution pension scheme, to replace two gilt funds with annuity protection funds despite significant structural overlap, raises questions about the extent to which DC restructuring may just be rebranding.
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News
Risk-averse DC members shy away from DGFs
At a Pensions Expert event this week, panellists debated how best to incorporate multi-asset strategies into defined benefit and defined contribution portfolios, agreeing that such strategies will become much more geared towards DC in the future.
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OpinionYou might have changed your default strategy, but have scheme members?
From the blog: Consumer group Which? recently questioned whether – following the pension reforms – it is still appropriate for workplace customers to remain in default strategies targeted at annuities. As ever there is no black and white answer.
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OpinionBrexit makes intergenerational equality a top priority
Redington’s Rob Gardner calls on the industry to help young people, who stand to lose most after the Brexit vote.
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OpinionHow to keep on top of an ageing workforce
Over-50s are set to become the dominant age-group in the UK’s workforce, new analysis has shown, leading to potentially dramatic changes for employers and trustees.
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Lord Willetts: More progress is needed for adequate DC provision
Pension providers must build on the success of auto-enrolment and embrace technological solutions if they want to tackle declining rates of saving among the ‘DC generation’, Lord Willetts said at a conference this week.
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Opinion
Annuity v drawdown: Dispelling myths
From the blog: The lead-up to the launch of the pension reforms in April last year created pent-up demand in the market, resulting in many opting to take advantage of the new freedoms and draw down a lump sum.
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News
GPP provider list will raise standards, trustees say
The Pensions Regulator has added the first group personal pension provider to its list of recommended GPPs open to all employers. It expects more providers to apply for inclusion, and said GPP demand will increase ahead of auto-enrolment compliance deadlines.
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News
Is fintech really revolutionising UK pension schemes?
The pensions industry stands to benefit from implementing financial technology to address problems such as scheme members under-saving and not finding tailored retirement solutions, experts have said. However, not everyone agrees.
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OpinionIs this the mastertrust’s time?
David Snowdon of fiduciary manager SEI outlines the case for the mastertrust as a savings vehicle, and explains how the sector is likely to change in coming years.
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NewsMarket instability tops referendum fears
Negative portfolio returns and prolonged unpredictability are the top concerns potential Brexit raises for pension stakeholders according to a new survey by pensions platform Mallowstreet. However, pensions insiders said these risks should already have started being addressed.
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Opinion
Ernst & Young overhauls DC scheme to fit the new freedoms
The Specialist: Professional services firm Ernst & Young has adapted the lifestyle and freestyle strategies of its defined contribution plan to suit the pension freedoms and increase risk in the lifestyle strategy, a move designed to provide for growth.
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Opinion
Member communications: How much information is too much?
Showing interest in their defined contribution pension pots can be a struggle even for seasoned industry professionals, so how and what should schemes communicate to get maximum engagement from their members?
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NewsUnilever launches guidance tool, but fear of giving advice still stops many
The Unilever Pension Fund has introduced an online initiative using example members to help savers plan their benefits, ahead of a clarification on the distinction between advice and guidance from the Financial Conduct Authority, HM Treasury and the Pensions Regulator.
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Opinion
The end of pensions or the beginning of a new cycle?
Pensions have seen enormous change in the past three decades, but increasing longevity means it is time to rethink things once more, says the Pensions Management Institute’s Tim Middleton.
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OpinionThe other pensions problem
At some point in the last few years, pensions became a big news story. Updates on BHS, Tata steel and others fill airwaves and pages (including our own).
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News
More detail emerges on pensions dashboard
The working group charged with devising a pensions dashboard – a single destination where consumers will be able to view all their retirement savings pots – has released its view of what it should look like.
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News
Deluge of information stifles retirement choices
An excess of information on the pension freedoms risks poor outcomes for “procrastinating” defined contribution savers, experts have warned, meaning the industry must improve member communication and engagement.
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NewsShould you pay higher DC contributions to spur retirement?
Any Other Business: Lower employer contributions to defined contribution pension schemes can lead to “massive” challenges in paving the way for older workers to retire and injecting new blood into a business, experts have said.
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NewsState of the nation: What's going on in DC accumulation?
One of the spectres that hung over the announcement of freedom and choice in the 2014 Budget was the fear the proposition would be so attractive people would abandon their defined benefit schemes to make the most of the flexibility.