All Defined contribution articles – Page 118
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News
April changes offer 'excuse' for DB schemes to shut up shop
Analysis: The death knell for defined benefit is edging closer, consultants say, as the end of contracting-out, low yields and impending government revisions to pension tax could see all FTSE 250 companies completely close their DB schemes by the end of this year.
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News
Treasury empowers FCA to curb exit charges
The Treasury today announced plans for new legislation that will place a duty on the Financial Conduct Authority to cap 'excessive' early exit charges for members seeking to access pension savings under the freedoms.
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OpinionForget freedom, millennials want security
From the blog: Born between 1980 and 2000 and entering the workplace amid one of the most significant booms and busts of recent history, millennials face a unique set of financial challenges.
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NewsBrewer crafts more generous DC plan to become top dog
Craft brewer Brewdog has introduced a higher contribution for members of its defined contribution scheme in an ambitious bid to create a best-in-class employee benefits package.
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FeaturesFujifilm develops its DC default fund approach
Fujifilm is overhauling its defined contribution default fund to improve its performance and relevance to members, as schemes continue to rethink DC glide paths following the pension freedoms.
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OpinionSix pages or 60? What to expect from an IGC report
The Society of Pension Professionals’ Duncan Buchanan looks at what to expect from independent governance committees’ first annual reports.
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News
Intergenerational fairness debate heats up as inquiry is launched
Analysis: An inquiry into intergenerational fairness, aiming to bring more clarity to the often heated debate about who gets what from the state and employers, has been welcomed by experts.
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NewsRegulator’s approach withstands first AE judicial review
A High Court ruling has approved the Pension Regulator’s approach to itinerant employees working overseas, providing the industry with clarification on a “grey area” of auto-enrolment legislation.
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Features
MyCSP fact-find leads to unexpected flurry of member engagement
Civil Service Pension Scheme inadvertently prompted nearly half of its members to explore their pension entitlements after it carried out a survey as part of a wide-ranging engagement project, aimed at ensuring all members are informed about their benefits.
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News
And they all saved happily ever after… Uni preps students on AE
Lincoln University is entering uncharted territory as it launches a series of workshops for its students on all things money, advocating the need for planning and saving.
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FeaturesEntering the matrix: Taking pension tech to the next level
Any other business: Apple’s string of acquisitions over recent months are pushing the boundaries of artificial intelligence in the drive to get closer to consumers – but where does the pensions industry rank in the digital journey?
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News
FCA data show Pension Wise take-up is still low
More should be done to encourage pension engagement in the workplace, experts have said, after the latest data from the Financial Conduct Authority show low use of Pension Wise.
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Opinion
A year of many firsts lies ahead
Editorial: Happy new year! It started with a bang – a stock market slump, circuit breakers suspending trading in China, China suspending the circuit breakers, and the FTSE falling sharply on Monday and Thursday last week.
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News
Regulator warns small employers with new year AE reminder
The Pensions Regulator has written to small and micro employers across the country reminding them of new workplace pension requirements, but experts say it will need to take a harder line to drive up compliance.
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News
NI government offers early retirement to teachers aged 55+
The Department of Education in Northern Ireland has approved a £33.1m scheme offering premature retirement terms to members over 55 years old to make space for new hires in the workforce.
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OpinionAfter an eventful five years, the pensions challenge is not over
Talking Head: Joanne Segars from the Pensions and Lifetime Savings Association looks at what has happened in the pensions world over the past five years and what lies ahead.
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FeaturesThe top 5 DC stories from 2015 reflect a challenging year
Year in Review: It was a massive year for defined contribution, with new pension flexibilities, the subsequent government guidance promise and of course the charge cap to contend with.
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Features
Secondhand annuity market takes shape but risk of poor deals looms
Analysis: The government has confirmed it will soften the tax hit for those looking to take advantage of the secondary annuity market, but some experts are concerned the financial services industry holds all the cards in getting the best deal.
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OpinionPensions Regulator: Our expectations of DC trustees
Talking Head: The Pensions Regulator’s chief executive Lesley Titcomb outlines what is expected from defined contribution trustees and how they can influence the new DC code of practice.
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OpinionHow DC trustees can determine ‘good value’
From the blog: Trustees of occupational pension schemes that provide money purchase benefits are now required to assess and report annually on the extent to which member-borne charges and transaction costs under their scheme represent good value for members.