All Defined contribution articles – Page 132
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News
Study forecasts DC market tripling by 2024, led by TDFs
A market report has predicted defined contribution pensions will triple in size to £787bn within the next decade with target date funds leading the way, but its bullish growth predictions have been questioned.
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News
Webb backs mastertrusts to lead CDC vanguard
Pensions minister Steve Webb has signalled support for mastertrusts delivering a collective defined contribution option for members, at a Trades Union Congress conference on Wednesday – but at least one of the large mastertrusts has rejected the idea.
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Opinion
Will risk-sharing schemes ever take off in the UK?
Many industry commentators have answered this question with a resounding ‘no’. Hogan Lovells’ Nicola Rondel makes the argument for a qualified ‘yes’.
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Opinion
How to battle pensions liberation in the new DC environment
Liberation scams are a growing tumour on the pensions industry, offering scheme members access to their money early at the cost of large swaths of their pension pot, or possibly the lot.
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News
Airport operator to offer flexible drawdown from April
Manchester Airports Group will offer its 2,500 defined contribution scheme members flexible drawdown by the time April's pension freedoms kick in, allowing them to access their savings without having to leave the scheme.
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News
Guidance questions leave employers wavering on workplace education
Industry experts have reported employer doubts over the effectiveness of the guidance guarantee, but have also predicted the service could act as a catalyst to review their financial education programmes.
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Opinion
Exploring the impact of the new money purchase definition
Sackers’ Zoë Murphy looks at which schemes may be affected by the definition change and what they might need to do from April – including paying the Pension Protection Fund levy, actuarial valuations and assessing underpins.
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Opinion
Five objectives and five risks for DC
Talking head: Nest’s CIO Mark Fawcett puts together a 10-point framework for DC trustees, arguing for a focus on growth, flexibility and cost, while managing inflation and longevity.
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Opinion
Six hurdles for DB and DC schemes to get over in 2015
By now, you'll have waded through all manner of 2014 round-ups, but what lies ahead for the pension trustee or scheme manager is certainly more pressing.
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News
Marine Harvest's trilingual roadshow keeps opt-outs in single figures
Salmon supplier Marine Harvest used boats, planes and cars to reach employees across the far reaches of northern Scotland, in a face-to-face auto-enrolment communication campaign that reflects the challenges faced by remote employers.
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News
Nest, M&S and Kingfisher in 2014's top post-Budget case studies
The chancellor's 2014 Budget in March sparked off a year of almost unprecedented change in pensions, seeing an immediate response from some employers on providing retirement flexibility.
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News
SABMiller, Wolseley and Findel in 2014's top AE stories
Auto-enrolment ramped up a gear in 2014 as the reform began to sweep up medium and smaller-sized employers, highlighting new challenges around how to ensure employers had the support they needed.
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Opinion
Five entirely depressing findings from the DC charges audit
If the workplace pensions industry should be judged by how it treats its existing customers, then today's revelations on scheme charges find it at best unfair and at worst extortionate.
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Opinion
Lafarge, Channel 4 and Lloyds feature in the top five derisking stories of 2014
Many schemes worked hard this year to make a dent in their pension fund deficit as liabilities soared, employing methods ranging from simple payment increases to complex recovery plans.
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Opinion
Top tips for small employers readying for AE
Planning, picking, payroll: Now Pensions’ Morten Nilsson shares some of the key areas to focus on to enjoy a smooth-sailing auto-enrolment experience.
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NewsM&S weighs drawdown option for mastertrust members
Retailer Marks & Spencer is exploring offering drawdown to its defined contribution scheme members, as the industry readies itself for April's retirement flexibilities in a tough market for annuities.
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Opinion
Why the FCA's piecemeal action could push people back towards annuities
Will the Financial Conduct Authority's investigation of the annuities market never end? Even today's market study, and accompanying review of sales practices, will preface further work – by providers this time.
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Opinion
Many young people will not actively manage savings. That’s okay
BlackRock’s Paul Bucksey explores whether defined contribution pension scheme savers understand investment risk – and when this knowledge level begins to matter.
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News
TPAS: Wave of requests to hit schemes and administrators in April
The Pensions Advisory Service has warned that scheme trustees and administrators risk being overwhelmed in April by members eager to access their savings at the earliest opportunity, having waited a year for the pension freedoms to come into play.
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News
Webb defends 'revolutionary' CDC legacy against industry critics
Pensions minister Steve Webb told an industry event this week the “pendulum is going to swing back” from individual defined contribution pension provision, but delegates challenged the viability of risk-sharing schemes.