All Defined contribution articles – Page 117
-
News
Proposed early exit charge cap gets mixed response
The Financial Conduct Authority yesterday proposed capping exit charges at 1 per cent of pot value for existing contracts, while banning them altogether for future contracts.
-
OpinionReconfiguring DC: The pensions dashboard
The Specialist: The pensions dashboard could be the upgrade the industry needs to take it into the digital age, but it is at risk of being just another expensive neglected technology project.
-
News
Hidden charges weigh pension pots down
Pensions are being hit by more than 100 costs and charges, many of them hidden, which are potentially taking as much as a third off the gains of a pension over its lifetime, a study by the Transparency Task Force has found.
-
OpinionDC investments have come a long way
Punter Southall’s Alan Morahan looks back at DC investments’ journey and where the future might take them.
-
News
Select committee flags Lisa as AE opt-out concern
A recent report from the Work and Pensions Committee has raised concern that the Lifetime Isa could lure people out of pensions, but the industry is divided over whether Lisas are a threat or potential boon for auto-enrolment.
-
News
Queen's speech promises mastertrust regulation
Long-anticipated mastertrust legislation was announced in the Queen's speech this week, providing protection for consumers and increased powers for the Pensions Regulator, but details are still sparse.
-
News
DWP launches online tracing site as demand booms
The Department for Work and Pensions has launched a new website for the government's pension tracing service, as the number of people seeking their deferred pots has ballooned over the past decade.
-
OpinionAchieving better outcomes – where should the burden lie?
Asset manager AB’s David Hutchins explains why providers and trustees should focus on value for money rather than mere cost savings.
-
OpinionSave or suffer: How to futureproof the UK’s retirement plans
An increase in contribution levels is seen by many in the defined contribution space as necessary to ensure members have sufficient retirement income, but could there be another way to a more comfortable retirement?
-
News
PPI calls for industry to judge charges holistically
Schemes should not put undue focus on charges when assessing value for money, the Pensions Policy Institute said last week, after research showed charge levels do not necessarily correlate with outcomes.
-
NewsPensions unfair to younger generation, industry says
The current pension system is unfair to the younger generation, the majority of participants at a debate hosted by professional trustee company Law Debenture this week agreed.
-
Features
What role does property play in retirement planning?
Analysis: The British population’s fixation on property ownership is one of our enduring national characteristics. But as property wealth grows, and pensions and investment income continues to falter, is home ownership becoming more intertwined with retirement saving?
-
OpinionWhy we need to empower the next generation
Redington’s Rob Gardner says UK pensions policy needs to be decoupled from politics and a large-scale education programme put in place, to prevent the next generation facing financial hardship in old age.
-
OpinionOur priorities and approach – an update from the Pensions Regulator
Lesley Titcomb reveals which issues top the regulator’s agenda over the next three years.
-
OpinionAre mastertrusts financially stable?
Professional trustee company PTL’s Richard Butcher takes a closer look at the financial risks mastertrusts take.
-
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?
-
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.
-
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.
-
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.
-
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.