All Defined contribution articles – Page 13
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NewsInnovation Interviews: Scottish Widows on gamification and pensions
In this edition of Pensions Expert’s interviews with Innovation Award winners, Scottish Widows’ Robert Cochran explains the impact of a simple app and how technology can help boost member engagement.
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OpinionAn end-of-term report on pension dashboards
Richard Smith, volunteer chair of the Pensions Dashboards Operators Coalition, marks up the government’s progress and looks ahead to what the new government will need to do to realise the full benefits of dashboards.
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NewsDC contributions exceed DB payments for first time
The biggest listed companies in the UK paid more into their defined contribution (DC) schemes in 2023 than into defined benefit (DB) schemes, new research has found.
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NewsVoters want pension reform, research shows
A member survey from TPT Retirement Solutions indicates that most pension savers want the next government to expand the scope of auto-enrolment.
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FeaturesCDC: Making progress towards a collective goal
This year may finally see the first collective defined contribution (CDC) pension go live in the UK, but doubts remain over how the structure could benefit the wider pension landscape.
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NewsUSS replaces Capita with Procentia as tech provider
The UK’s largest pension scheme has appointed a new technology platform to cater for its 528,000 members.
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OpinionPensions in 2035: Peering into the crystal ball
Barnett Waddingham’s Paul Leandro looks to the future in true Black Mirror style to speculate how the ‘pot for life’ model could reshape the pensions system in 10 years’ time.
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NewsImprove communication to boost trust, survey says
The pensions industry needs to focus on improving communications with savers and scheme members in order to build trust in the system, according to Trafalgar House.
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NewsAviva and Scottish Widows join dashboard operators group
The UK’s largest insurer, Aviva, is among the three new members of the Dashboard Operators Coalition, the industry group set up to work with government to deliver the pension dashboard programme.
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News‘We need a consensus’: Sir Stephen Timms calls for higher contributions
The chair of the Work and Pensions Select Committee has called for the government to set out a full plan for raising default auto-enrolment contributions to 12% over the next 10 years.
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VideosWinner of Scheme Technology Innovation: Penny
David Henderson, head of pensions at Penny, speaks after his firm was presented with the Scheme Technology Innovation Award.
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NewsBy the numbers: TPR’s DC landscape data
What we learned from the regulator’s latest data report on the makeup of the defined contribution system in the UK.
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NewsThe importance of DC default strategies
Four in five defined contribution pension savers will wait until five years out from retirement to engage – and in many cases, much later.
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OpinionHow the pensions industry can better support people with mental health problems
During this Mental Health Awareness Week, Conor D’Arcy of the Money and Mental Health Policy Institute explains how to help address the problems faced by those with mental health problems when it comes to pension saving.
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NewsDashboard costs rose by 23% in 2023, figures show
The estimated cost of the Pensions Dashboard Programme reached £289m in 2023, according to the National Audit Office (NAO), up from an initial estimate of £235m in 2020.
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NewsBorder to Coast bags two awards at Investment Innovation Summit
Other winners of Innovation Awards include Scottish Widows, Clara Pensions, Penny and Cardano.
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NewsTPR: Time is running out to clean up your data
The Pension Regulator (TPR) has warned scheme administrators to make sure they deal with any data issues during the Pensions Administration Standards Association (PASA) conference in the City of London this week.
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OpinionFinancial wellbeing needs a health warning
Workplace financial wellbeing programmes are important. But they’re also risky and difficult to get right. Why is that, and what can employers do to get it right?
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NewsWTW urges higher default contribution levels to boost saving
Higher default contributions, more decumulation options and appropriate investment strategies should all help improve pension adequacy, WTW says.
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NewsAuto-enrolment contributions boost ‘could add £10bn a year’
Research by Phoenix Group claims raising contributions to 12% could mean almost £96,000 more in the pension pot for an 18-year-old when they retire.