All Defined contribution articles – Page 126
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FeaturesCutting scheme costs in lean times
Any other business: Whitehall braced itself for a further 100,000 job losses over the next five years, as the new government announced cost-cutting measures across the civil service this week.
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Opinion
How to avoid the tax pitfalls of collective investing
Collective investment vehicles offer many benefits, says Steve Charlton, but pension funds need to fully understand what they are buying into.
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News
Is 55 too young to cash in a DC pension?
The age at which members can access their pension pots should be increased, according to a white paper, but some experts say those in ill health should not be held back from drawing their cash.
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News
Slow movers are risking returns, experts warn
Pension schemes risk losing potential returns by moving too slowly when changing investment strategy, with some waiting months between investigating and implementing, consultants have said.
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News
Solvency scrutiny rumbles on in Europe with stress-testing
The resilience of UK pension schemes will be put to the test over coming months as the European pensions authority pursues its solvency and disclosure programme, though some have questioned who will bear the costs.
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NewsIndustry calls on Altmann to press pause
Industry experts have called for a period of consolidation across the pensions landscape as Ros Altmann takes on the role of pensions minister under the new Conservative regime.
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News
Employers probe external vehicles to facilitate drawdown
Employers have been looking at a range of non trust-based drawdown solutions, say consultants, as trustee interest in providing flexi-access to members remains low.
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NewsAs the result shock fades, attention turns to next pensions minister
General election 2015: The Conservatives’ election triumph on Friday, alongside a near whitewash by the Scottish National party north of the border, has raised several questions about how the fallout will affect pensions.
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News
Retirement adequacy slips down DC agendas
DC consultants have called for a refocus on retirement adequacy as new figures show two-thirds of employers prioritise compliance requirements over traditional benefit drivers.
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Opinion
DC for a small planet: managing a multinational scheme
As defined contribution schemes become the backbone of retirement saving, multinational companies must reconcile regional idiosyncrasies with global objectives, says Nigel Aston, head of DC at State Street Global Advisors.
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News
Cranking up the gears on DC contributions
Any other business: Jeremy Clarkson and Co’s acrimonious departure from the BBC has left a gaping hole in Top Gear’s line-up, with the loss of the iconic trio leaving the much-celebrated show running on fumes.
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OpinionHow scheme life assurance benefits can affect lifetime allowance
From the blog: The standard lifetime allowance is being reduced again, this time to £1m. That’s a reduction of 20 per cent from the current level of £1.25m and 44 per cent from the LTA’s peak level of £1.8m in April 2010.
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Opinion
The DC Debate – how the freedoms are changing the direction of DC
In the second quarter of 2015, our debate panel members explain how they think the charge cap and wider reforms are reshaping DC provision – and predict what further changes might come.
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Opinion
DC defaults: One size does not fit all
The continued growth of the defined contribution market was a secondary theme over the past quarter as the industry braced itself for fundamental reforms.
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News
Shifting sands for tax rules bring threat of mid to high-earner exodus
Analysis: The double hit of a reduced lifetime allowance alongside proposed changes to tax relief could accelerate the move of higher earners, and some middle earners, towards alternative savings vehicles, experts predict.
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Opinion
Cashing in unwanted annuities
Talking Head: Ros Altmann explains why, despite the questions around value, people selling annuities that are not working for them might be the best option all round.
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NewsJohn Lewis deficit swells by £250m, steadfast on strategy
John Lewis Pension Scheme’s deficit has risen by close to £250m since the start of 2014, but the company plans to stick to its strategic counter-measures agreed earlier this year.
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Opinion
The legal issues troubling trustees around DC flex
There is no obligation to adopt the range of flexibilities offered by pension freedom – DLA Piper’s Ben Miller looks at what trustees need to consider before amending their schemes.
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OpinionEditorial: Not Tesco's finest hour
Closing a defined benefit scheme to future accrual is no longer considered a controversial move in the private sector.
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News
Cultural norms could inform UK DC outcomes, PPI report shows
The Australian experience of defined contribution indicates UK pensioners could deplete their retirement pots too early, a report warns, but experts say what we can learn from overseas systems is limited.