All Defined contribution articles – Page 118
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News
Minimum wage hike threatens employer contributions
Pension provision could suffer under the higher minimum wage being introduced next year as employer industry bodies say companies are looking at the wider rewards package in an attempt to claw back costs.
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OpinionScheme fragmentation more stark in private sector than public
Data Crunch: The appointment last month of Edi Truell as the London Mayor’s new adviser on pensions and investments is part of an initiative, we are told, to amalgamate some of the country’s numerous public sector pension funds and aims to save billions of pounds through greater efficiencies, lower fees and improved returns.
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OpinionThe AE commission and consultancy charges conundrum
Commission payments and associated consultancy charges taken from pension schemes come in for criticism for several reasons.
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OpinionHow to build flexibility into your DC scheme
Pension freedom can be a daunting proposition for trust-based DC schemes, but PTL’s Alison Bostock says they can find ways to introduce more choice for members.
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News
Cash leads the way on freedoms but further flux predicted
More than half of the £2.5bn withdrawn by pension savers in the three months since April has been paid out in cash lump sums, but experts predict consumers will shift their focus towards more sophisticated products.
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FeaturesDB closures 'storing up issues' for DC
News Analysis: The closure of defined benefit pension schemes may alleviate a significant financial burden, but experts have urged employers to think carefully about the long-term impact of the replacement arrangements chosen for affected employees.
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OpinionTreasury: Building on the success of the freedoms
Talking Head: Just over five months ago the government introduced the most far-reaching changes to how defined contribution pension savings could be accessed in nearly a century.
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NewsCambridge uni scheme scrutinises opt-outs in prep for re-enrolment
Cambridge University Assistants’ Contributory Pension Scheme is examining the causes of opt-outs as it prepares to re-enrol members into its hybrid scheme next year.
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OpinionWhy the power of IGCs should not be underestimated
In August 2013, the Association of British Insurers wrote a letter to the Office of Fair Trading in light of a review of the pensions marketplace.
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OpinionSPP: Tax does have to be taxing
Talking Head: The consultation launched following July's Budget may well be more than those who were calling for a review of the pension tax system had in mind.
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News
Between two boards: Balancing the dual roles of exec and trustee
The broader experience of financial directors and company executives may enhance pension trustee boards' insight and understanding, but conflicts of interest should be carefully managed.
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NewsEvents and training for pension managers and trustees – Aug 24
Get your calendar in order with this rolling bookmark of upcoming events and training opportunities, targeting pension scheme managers and trustees.
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FeaturesManaging relationships with your auditor
Any other business: Having your scheme audited might feel like getting teeth pulled but like the dentists of this world, auditors are a necessary evil.
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NewsIs your scheme spending enough time on administration?
Any Other Business: Trustees of pension schemes are required to oversee all aspects of scheme administration while navigating the complexities of investment, policy change and benefit design.
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NewsEvents and training for pension managers and trustees – Aug 9
Get your calendar in order with this fortnightly bookmark of upcoming events and training opportunities, targeting pension scheme managers and trustees.
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News
Out of reach: How can we close the trustee skills gap?
Any Other Business: If you’re reading this as a trustee and wondering why so many questions are being asked about the future of the role, chances are you’re among the fraction receiving ongoing formal training.
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News
High-earner tax relief threat poses new challenge for employers
News analysis: Scrapping tax breaks for high earners could present a communication challenge for trustees, as the government weighs up ideas for potentially radical reforms of the current pension tax relief system.
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Opinion
Why it is crucial to get a handle on transaction costs
If defined contribution scheme members are to make confident investment decisions they need to be clear on costs, says Mercer’s Andrew Williams.
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Opinion
The other glass ceiling: how women are being left behind on pensions
From the blog: Alongside concerns that women comprise a large but undervalued section of the workforce, a growing body of research warns they also risk getting a bad deal at retirement.
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NewsIs engagement keeping pace with pension participation?
Data analysis: Half a million. That’s the figure by which the Pensions Regulator underestimated the total number of small and micro employers that would have to complete auto-enrolment – nearly 40 per cent higher than the original 1.3m forecast.