All Defined contribution articles – Page 129
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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.
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News
NAPF call for pension commission wins support, practical barriers remain
Industry experts have backed the National Association of Pension Funds’ call for a long-term plan to protect savers’ interests, but question the viability of extricating pensions from politics.
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News
Battle of growth v consolidation in DC market
Pension providers should cut costs by close to a third to capitalise on opportunities in the UK’s defined contribution market, a white paper has said, but consultants questioned the potential for new market entrants.
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Opinion
Nest: Staging micro employers – do we need a new approach?
Two-and-a-half years into auto-enrolment and the pensions industry can look back and say, ‘So far, so good’.
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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.