All Defined contribution articles – Page 122
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News
SME auto-enrolment prep work exceeds industry expectations
A third of small employers staging in Q1 signed up six months or more ahead of their deadline, but experts have said this encouraging picture could change as micro-employers get set to auto-enrol this summer.
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News
DB-DC proposals trigger benefit questions
The Financial Conduct Authority has issued a consultation on transfers out of defined benefit schemes, but experts say a disparity between definitions of money purchase benefits could lead to confusion.
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NewsLabour pushes for long-termism among pension fund investors
The Labour Party manifesto pledged to force pension fund investors to disclose how they vote on remuneration, as part of a wider move to “improve the link between executive pay and performance”.
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News
Smaller employers begin to see wider advantages of AE, challenges remain
More than half of small businesses have a positive view of auto-enrolment once they complete the staging process, research has shown, but experts say navigating its complexities will continue to burden many employers.
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News
Cashed-out pots could hit future means-tested benefit claims, lawyers warn
Lawyers have called on providers to ensure members are fully aware of how accessing their pension pots could affect future benefit claims, as schemes grapple with their ‘second line of defence’ obligations.
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News
NAPF seeks certainty over non-default fund switching rules
The National Association of Pension Funds has written to the government to demand clarification on the movement of non-default members between funds, to ease trustee uncertainty around charge cap regulations.
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News
More than half unlikely to take advice on pension access
Most retirees are unlikely to seek advice before withdrawing their pension, a survey has shown, as the industry wrestles with how to protect members in the new flexible pensions environment.
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Opinion
Nest: Why TDFs provide a durable route to good outcomes
Keeping your mind on the long term can be a difficult business. Target date funds can help both schemes and savers do just that.
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Opinion
Six steps to manage a rise in DB-DC transfer requests
While the pension flexibilities do not apply directly to individuals with defined benefit pensions, members do have the option to transfer their benefits to a defined contribution arrangement.
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NewsSSE doubles DC contributions in bid to close adequacy gap
Energy company SSE doubled contribution rates in its auto-enrolment default after carrying out a survey of members, as wider concerns mount over continuing low contribution levels.
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News
Half would sell their annuity, majority want 90% of value
The consultation to lay the groundwork for a secondary market for annuities, announced in last week’s Budget speech, will allowaround 5m pensioners having the option to cash in the products in exchange for a lump sum.
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News
Lifetime allowance cut a blow for DC savers
Budget 2015: The reduction of the lifetime allowance to £1m will hit defined contribution savers hardest say experts, who anticipate a rise in members exiting pension saving.
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Opinion
Six ways to meet the needs of the DC generation
Talking Head: With the introduction of new pension freedoms, many savers in defined contribution schemes will have more ways of accessing their pension savings.
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News
Make it personal: Qantas's key to engagement success
NAPF Investment Conference 2015: Personalising communication is critical to achieving meaningful member engagement, said the chief of Australian super Qantas, after it gained a one in four response from an innovative campaign.
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News
Dynamic allocation is the smart approach to sub-cap DC, say experts
NAPF Investment Conference 2015: Experts debating the challenges posed by the charge cap have backed the use of dynamic asset allocation and volatility triggers in low-cost defined contribution strategies.
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News
Committee compels next government to consolidate pension oversight
The Work and Pensions Committee has this week called for a dramatic overhaul of the industry’s current regulatory frameworks.
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Opinion
The case for cash: pension freedom and derisking
From April, savers will be faced with tough choices when it comes to drawing their pension: take the entire pension upfront, remain invested throughout retirement or buy a guaranteed income through an annuity.
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News
Industry mulls impact of Labour drawdown cap pledge
Analysis: Experts have raised questions about a possible cap on drawdown charges proposed by Ed Miliband last week, as the industry braces itself for the reforms and an uncertain general election outcome.
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News
Why the regulator will not publish a definitive list of AE schemes
The industry has given a mixed response to the Pensions Regulator’s decision not to publish a list of auto-enrolment schemes available to smaller employers, with some suggesting it could do more.
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Opinion
Treasury: Support, but not pressure, for retirement reform
Talking head: The Treasury’s Andrea Leadsom outlines how it is working with the pensions industry to strengthen the Pension Wise support mechanism for members.