All Defined contribution articles – Page 120
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Opinion
Data crunch: Annuities market being reshaped, not destroyed
We are seeing the annuity market being reshaped before our eyes with astonishing speed. It is sometimes said that pension freedoms have destroyed the annuity market, but is this true?
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NewsTrinity Mirror reviews advisers ahead of DC default appraisal
Trinity Mirror Pension Plan has carried out a consultant review ahead of an appraisal of its defined contribution default fund, spurred by the introduction of the freedom and choice reforms.
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News
First Aberdeen drivers see pensionable pay drop
FirstGroup changed the basis for its calculation of pensionable pay last year to comply with auto-enrolment legislation, but the nationwide shift has disproportionately impacted the benefits of First Aberdeen bus drivers.
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News
How schemes can protect their members online
Trustees must be extra vigilant in their assessment of online platforms and review data-handling processes to protect members from the growing threat of cyber crime, experts have said.
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News
Fuzzy 'new normal' begins to emerge from pension freedom data
Gaps in the data on consumer behaviour following the freedom and choice reforms introduced earlier this year are creating a muddled picture of people’s choices, experts have said.
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Opinion
Altmann: Government needs your help to revise charging model
Talking Head: Pensions minister Ros Altmann requests the pensions industry’s help to transition away from schemes with member-borne charges.
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NewsSiemens re-engineers DC lifestyle funds towards greater growth
Siemens, one of the world's largest electrical companies, aims to give its UK defined contribution scheme members more potential for growth while reducing costs by adding a pure equity phase to its DGF-heavy lifestyle options.
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NewsHMRC figures on flexibilities leave questions unanswered
The ‘dearth of information’ on pension freedoms bemoaned in a recent Work and Pensions Committee report could have been remedied by HM Revenue & Customs figures released yesterday, but industry representatives said the report lacked detail.
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NewsFT chooses new provider as DC governance debate rumbles on
Employers eyeing a transition into a contract-based defined contribution arrangement must consider the impact of a shift away from trust-based governance on members and administration, experts have said.
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Features
How UK plc is responding to the challenges of an ageing workforce
Data Analysis: UK employers are waking up to the reality of increasing longevity but government, the pensions industry and individuals need to redouble their efforts in order to combat the financial risks it poses.
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News
Could regulator findings spell the end of lay trustees?
Schemes with only professional trustees are better run, research from the Pensions Regulator has today suggested, but experts have said schemes should not overlook the value of their non-professional counterparts.
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News
UK plc: Engagement is key to get more DC bang for employer buck
Data Analysis: Employee engagement with pension schemes is topping the agenda for businesses, with many saying the freedom and choice reforms have improved schemes' ability to generate good retirement incomes.
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OpinionWhy auto-enrolment must be our #1 priority
Talking Head: The PLSA’s Graham Vidler on why the latest tranche of employers need full support in order to ensure the success of the initiative.
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News
Do trust and contract-based plans require separate regulation?
Analysis: Defined contribution schemes are regulated by two separate bodies, each of which works better in certain scenarios, a Pensions Policy Institute report has found. But the debate continues on whether a single watchdog would improve the current regime.
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Opinion
Johnson: Pension ostriches need a shakeup
Letter: Robert Gardner’s excellent article ’Collective response to an unprecedented problem’ screams ‘unsustainable’: something has got to give. The question is what?
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NewsBT takes the value for money debate to its members
BT Pension Scheme has tabled a roadshow to gather its members' views on how they define value for money, in a wider effort to boost engagement.
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News
Pension freedom report: Must do better
A clearer definition of advice and stronger warnings about scams were two of the points raised in the Work and Pensions Committee’s report on pension freedom this week, which has found support across the industry.
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OpinionWhat we can learn from the first three years of AE
From the blog: Auto-enrolment was always going to be something of a movable feast since the scheme began three years ago.
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NewsWarburtons spells out the ABC of pension freedoms
There has been a spike of interest in pensions since new freedoms were introduced six months ago, but some corners of the industry are struggling to communicate the choices available.
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News
Fifth of schemes have not updated DB transfer communications
Close to a fifth of defined benefit schemes have made no changes to the way they inform members of their ability to transfer out of the scheme since the freedom and choice reforms.