All Defined contribution articles – Page 128
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News
DB-to-DC transfers forecast to impact on derisking strategies
Investment experts have predicted liability-driven investment programmes could become more tricky since the chancellor gave the green light to transfers from defined benefit to defined contribution, with schemes finding find it more difficult to predict liabilities.
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News
Nest sizes up green technology as it sharpens ESG focus
Nest is looking to benefit from a low-carbon economy through investments in green technology, in a triennial update of its investment beliefs announced today.
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Opinion
Time is running short. Regulators must provide detail on how to implement DC reform
It is difficult to recall a time when defined contribution pensions in the UK had to cope with more regulatory change.
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Opinion
How to educate DC members on retirement 2.0
It is a sad truth that engaging members with their retirement savings has been a difficult and largely fruitless endeavour for trustees, employers and providers alike.
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Features
Unilever sees 26% opt-out from AE joiners on tax grounds
Unilever has seen slightly more than one in four of its tiny non-scheme member population opt out, with the majority close to or having reached the lifetime allowance limit for tax-privileged saving.
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Opinion
The Budget has not killed off lifestyle strategies
I suspect very few of us foresaw the changes proposed in March's Budget. All the initial talk was about the added flexibility of drawing benefits, with Steve Webb even commenting on whether pensioners would spend all their savings on a Lamborghini.
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News
ETV exercises to rise as government accepts DB-to-DC transfers
Industry experts have predicted the use of enhanced transfer value exercises could increase as employers look to encourage switches out of defined benefit plans in light of the Budget changes, but trustees have been urged to ensure members receive adequate advice.
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News
PPI: Small employers may seek pay cuts to make up auto-enrolment cost
A report released last week found smaller employers may consider decreasing basic pay to implement auto-enrolment, while experts said implementing the reform will lead to a focus on benefit structure.
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Opinion
Picking through the guidance guarantee small print
Finally some details on the guidance guarantee. Soon-to-be pensioners will receive independent guidance from April 2015, as the government clarifies the guidance guarantee announced in this year’s Budget.
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Features
Unite mulls launching CDC scheme as unions back risk sharing
Unite is considering establishing a collective defined contribution scheme, as union groups voice their support for defined ambition benefit structures that share risk between employees.
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Opinion
Where do we stand on pot-follows-member after the Budget?
At the end of last year we all had a sense that the defined contribution landscape was shifting but few people in the industry could have predicted the extent of that change.
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Opinion
Five comms tips to get DC savers contributing more
It is estimated that auto-enrolment will increase the number of individuals enrolled in defined contribution workplace pension schemes by around 8m by 2018.
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Opinion
The Budget changes were dramatic, surprising and good for DC
On March 19 I left home as a worker in the pensions industry, and 10 hours later I returned, shaken, shocked and working in the lifetime savings industry.
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Features
How the DA pensions bill could affect your scheme
Schemes have been left pondering how their benefit structures would be considered under the the government’s latest pensions bill, which codified three types of pension scheme, including “shared risk” schemes.
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Opinion
How to predict member outcomes in the new normal
Myriad products could help grow pension savers’ assets following the Budget changes, but caution is recommended.
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Features
How JPMorgan and RBS give DC members retirement flexibility
JPMorgan and Royal Bank of Scotland are working to offer members of their defined contribution schemes flexibility in how they access their retirement savings, in light of the Budget reforms.
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Opinion
In defence of the regulator's DC code, six months on
It is now six months since the Pensions Regulator’s final defined contribution code of practice and regulatory guidance were published.
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News
Fifth of smaller employers failing to prepare for AE
One in five small businesses are not currently preparing for auto-enrolment, research has shown, as concern grows around smaller employers’ ability to comply with the legislation.
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FeaturesTrinity's second bite of comms cherry gets 60% hit rate
The £100m Trinity Mirror Pension Plan’s second attempt at a communications exercise to encourage additional contributions, to make up for the employer's decision to reduce payments, resulted in a 60 per cent take-up among the 1,000 members targeted.
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NewsAMNT: Oz-style 'supers' could emerge from latest UK reforms
The Association of Member Nominated Trustees has said ‘to-and-through’ retirement options could pave the way for Australian-style superannuation schemes, if employers are willing to take on any additional governance burden that a post-retirement commitment could create.