All Defined contribution articles – Page 123
-
News
Webb calls for pensions dashboard within two years
Pensions minister Steve Webb last week called on the next government to implement a combined state and private pension statement within the next two years that also incorporates aspects of pot-follows-member.
-
News
Pressure for transparency builds as City watchdog loads on demands
The Financial Conduct Authority delivered a defined contribution charges double-whammy this week with the release of its final rules for the default fund charge cap plus a call for evidence on the disclosure of transaction charges.
-
Opinion
DB-DC transfer requests will rise. Here is how to handle them
It had long been the case that transfers from defined benefit schemes were looked upon as being disadvantageous for all but a few.
-
Opinion
Four graphs on why auto-enrolment is just the first step
Data released by the Office for National Statistics give more evidence automatic enrolment is driving up participation in pension schemes, but a growing proportion of payments to defined contribution schemes languish at 2 per cent, with public sector contributions outpacing private.
-
News
Aon lifestyling failure leaves members exposed to risk assets
Twenty defined contribution pension schemes administered by Aon Hewitt have seen delays to their members’ derisking strategies, leaving them exposed to risk assets for up to four years longer than intended.
-
Opinion
Finding the right ratio of stick to carrot in pensions regulation
It is an oft-repeated but welcome mantra from the Pensions Regulator that its approach to regulation is based firmly around “educate, enable and enforce”.
-
News
Premier Coffee's AE staging met by radio silence
After a year preparing for auto-enrolment, Costa franchise Premier Coffee did not receive a single follow-up enquiry from its 120 eligible staff, and only a handful of opt-outs, demonstrating the engagement challenge facing UK employers.
-
Opinion
Ready or not: pensions administration post-April 2015
The 2014 Budget rewrote the rule book on retirement benefits, ushering in massively expanded flexibility for defined contribution members, while simultaneously throwing down some fairly significant challenges for scheme administrators.
-
OpinionEditorial: Well, in theory...
Some of the best minds in the pensions industry have spent the past 10 months trying to redesign defined contribution scheme investment. But some of that thinking is based on a faulty premise.
-
Opinion
Is Webb’s cashing-in annuities plan a blessing or curse for savers?
Pensions minister Steve Webb recently called for retirees to be able to cash in or swap annuity providers in much the same way homeowners can currently switch their mortgage rate.
-
News
Pension tools not up to scratch for post-April flexibilities, say experts
Communication experts have called for schemes to avoid jargon and break down complexity in online illustration tools, as research reveals wide variation across offerings and patchy understanding of reforms.
-
Opinion
NAPF: There are still too many unknowns on pension 'freedoms'
It’s the final countdown for the implementation of the 'freedom and choice' reforms. However, with only around 30 working days and counting until the reforms go live, time is rapidly running out.
-
Features
Does your pension scheme work for younger savers?
Young people's participation in pension schemes is on the up, thanks largely to auto-enrolment, challenging their managers to plug into the needs of their changing membership profiles.
-
Opinion
The DC Debate – how an election will impact upon UK pensions
In the first quarter of 2015, our debate panel members explain their hopes, concerns and predictions for defined contribution savers and their schemes in the year ahead.
-
News
DWP opts for network of registers to facilitate PFM transfers
The government has revealed further detail on its long-awaited federated model for pension consolidation, as it moves to take the infrastructure development process to the next stage.
-
News
Fund management body sets out charges disclosure plan
Industry experts have welcomed proposals on charges and transaction costs from the Investment Association, but warned trustees should not make fees their only focus.
-
News
Default fund design hamstrung by lack of behavioural data
Defined contribution experts have said a lack of sufficient data on members’ likely reaction to April's pension flexibilities is leaving default fund design in a state of limbo.
-
Opinion
Altmann: Don't abandon member safeguards in DB-DC transfers
Allowing people to decide for themselves how best to use their pension savings is broadly welcome.
-
News
Regulatory overhaul creates ‘perfect storm’ for DC schemes
Defined contribution schemes were hit with a slew of regulation last week across contract-based and trust-based provision, as the government and the City watchdog attempted to unify standards in these two areas.
-
News
Jaguar Land Rover drives down DC charges by a tenth as cap bites
Carmaker Jaguar Land Rover has cut its defined contribution scheme charges by 10 per cent as the imminent fees cap pushes down costs for savers across trust and contract-based schemes.