All Defined contribution articles – Page 121
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News
The looming DB skills gap: What can be done to slow the brain drain?
Any Other Business: Administration specialist Trafalgar House has urged the pensions industry to address the growing risk of an imminent defined benefit skills gap as schemes wind down and the industry fails to attract a new generation of talent.
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News
Property or pension: Where downsizing could pay off
A new report warns people planning to downsize to smaller properties and using the proceeds to fund their retirements that the resulting income will only be a fraction of a workplace pension.
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News
DWP calls for evidence on Nest decumulation services
The Department for Work and Pensions has called for evidence on a proposal to allow Nest to provide decumulation services for its members, and to let it offer services to individuals, employers and other schemes.
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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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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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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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News
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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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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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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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
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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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
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
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.