All Defined contribution articles – Page 133
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Opinion
How the Autumn Statement will affect your scheme (not hugely)
Today's statement from chancellor George Osborne was like a cold flannel to the forehead of the pensions industry, compared with the madness of March. That the taxation of dependants' pensions was a central talking point is probably telling.
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Opinion
Nest: Our ethical strategy, and why talking to scheme members is crucial
Talking head: Paul Todd, assistant director of investment at the UK’s state-sponsored pension scheme, explains how its ethical fund is constructed to deliver an appropriate strategy for its members.
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News
Consultants report evidence of Osborne boost to DB-DC transfers
Consultants have reported an increase in the number of defined benefit to defined contribution transfer requests from scheme members following George Osborne's announcement of greater retirement flexibility in the March Budget.
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Opinion
DC is getting worse before it gets better, in three graphs
The auto-enrolment army of (initially) low-contributing, apathetic savers has marched into the official data on pension contributions, demonstrating the uphill battle facing the industry to secure a decent retirement for today's savers.
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Features
Wolseley moves to quell creeping opt-out rate
Plumbing products supplier Wolseley UK is working to battle a climbing opt-out rate, reflecting the challenge of keeping new joiners in workplace pension schemes despite attractive terms.
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Opinion
Osborne's guidance bill, a £2.5bn buyout and at-risk DC savers – a day in pensions
Here's your guide to an eventful day for the UK workplace pensions industry.
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Opinion
The DC Debate – how the UK stacks up against global DC
This quarter's debate puts the UK's retirement reforms in their global context, and compares the adequacy of this country's defined contribution schemes with that of other developed markets.
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News
Nest: understanding behaviour more important than product fixes
The UK’s state-backed pension scheme has led calls for understanding member behaviour in light of the incoming pension flexibilities, arguing such work is more important than developing new products for savers.
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News
Managers predict cash will be king for many post-April retirees
It may be a caravan rather than a Lamborghini, but scheme managers across the country are getting ready for a wave of savers cashing in their pension pots come April’s introduction of George Osborne’s retirement flexibilities.
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OpinionEditorial: Just around the corner
The level of calm within a given pensions department ahead of the advent of the new pension freedoms is probably related to how well you know your scheme membership.
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News
Alliance Boots to ditch print to fund pensions website
DC: The New Investment Journey. Health and beauty group Alliance Boots is launching a new website to get messages on pension changes out to staff at its eight UK employers, and is planning to ditch paper-based booklets to offset the costs.
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News
Schemes urged to square segmentation with fairness
Schemes are increasingly turning to segmentation as they explore strategies for communication and investment across different sections of their membership, but legal experts warned of the importance of treating members fairly.
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News
Nest to switch TDF goalposts from annuity purchase as April looms
DC: The New Investment Journey. Nest is planning to amend its target date funds that currently aim for annuity purchase in light of the greater flexibility in retirement options available to scheme members from April 2015.
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Opinion
Is Labour right to argue for extending auto-enrolment to 1.5m lower earners?
In the latest edition of Informed Comment, the Pensions Management Institute’s Tim Middleton discusses proposed changes to the auto-enrolment threshold.
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Opinion
Why industry critics are wrong about ‘reckless conservatism’
Letter: Nest’s CIO Mark Fawcett responds to an Informed Comment piece in last month’s Pensions Expert that warned overly prudent investment strategies were blighting young savers’ investment growth.
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News
DC benchmarks expected to switch attention to performance
Industry experts have predicted the governance focus for defined contribution default funds will swing from cost to performance as DC benchmarking capabilities come to the fore.
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News
Less than 1% opt out at caterer despite seasonal staff headwinds
Catering company Jenkinsons has auto-enrolled around 400 staff with just three opt-outs, despite enrolling a large seasonal workforce.
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Opinion
Altmann: New pension flexibilities will make it harder to attract members to CDC
Talking head: Pensions commentator Ros Altmann says the new at-retirement flexibilities introduced in this year’s Budget will make it harder to attract employers and members to shared risk schemes.
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OpinionEditorial: Turn the dial?
I should start off by agreeing entirely with Barnett Waddingham’s Damian Stancombe that the vast majority of breath spent on defined contribution pensions should not be expended discussing investment, but on encouraging savers to pay more in.
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News
Schemes face dilemma on annuity brokering services ahead of April
Employers that have put in place annuity brokering services for their defined contribution scheme members have been called upon to rip up or review these set-ups to make sure they are giving savers an adequate view of the market.