All Defined contribution articles – Page 131
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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.
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Opinion
Finding the right ratio of stick to carrot in pensions regulation
Talking head: Lincoln’s Tony Hobman argues the Pensions Regulator will have to develop its oversight in order to strike the right balance in response to an evolving industry.
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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.
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Opinion
Ready or not: pensions administration post-April 2015
Barnett Waddingham’s Julian Mainwood details the steps trustees and scheme administrators need to take in order to stay on top of the upcoming changes and adapt to scheme members’ needs.
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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.
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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.
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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.
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Opinion
NAPF: There are still too many unknowns on pension ‘freedoms’
The NAPF’s Graham Vidler sounds the alarm about the continuing lack of detail on how the reforms will work, including the ‘second line of defence’ and retirement risk warnings.
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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.
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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.
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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.
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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.
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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.
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Opinion
Altmann: Don’t abandon member safeguards in DB-DC transfers
Talking head: Ros Altmann argues for a £5k-£10k threshold for non-advised DB transfers-out, and says it is vital that members receive proper advice to understand the value of the benefits they are rejecting.
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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.
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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.
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Features
How UK mastertrusts are designing DC benchmarks
The growing mastertrust sector has created a range of investment benchmarks, but pressure to demonstrate value has led consultants to call for more focus on performance yardsticks that reflect scheme memberships.
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News
AE concerns grow as non-compliance jumps
Consultants have called for increased efforts to break down the complexities of auto-enrolment for smaller employers as data from the Regulator revealed a sharp increase in non-compliance actions in the final three months of last year.
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Opinion
Why annuities still play a crucial role in the post-Budget landscape
The announcement of the retirement reforms sent shock waves through the market last year. But MGM Advantage’s Andrew Tully explains why, where annuities are concerned, there is life in the old dog yet.
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Opinion
What Malcolm in the Middle says about our retirement prospects
We've been talking about it for nigh on a year now, but a report released by the National Association of Pension Funds today paints a detailed portrait of the decision-making paralysis facing many in the 50-70 age group at retirement.