All Defined contribution articles – Page 133
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News
Tax changes: how they affect scheme rules
Schemes have been urged to move quickly to prepare for forthcoming changes to pension tax legislation, with the new ‘uncrystallised funds pension lump sum’ expected to prove popular among members.
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Opinion
Confronting the scourge of the ever-growing meeting pack
Any other business: Is there a trustee out there who makes it through every page of their meeting bumpf?
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Opinion
The break between state and private pensions is complete
Talking head: Jargonfree Benefits’ Steve Bee explains why the most recent round of reforms to the UK’s pensions system is a pivotal step on a momentous journey.
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Opinion
Why savers need an auto-enrolment reality check
Nabarro’s Anne-Marie Winton argues that without a savings reality check, auto-enrolment could simply become an employer tax with little benefit in staff retention, in the latest edition of Informed Comment.
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News
Personnel shortage anticipated for independent governance bodies
Independent governance committees could be hampered by a shortage of experienced professionals as contract-based scheme providers race to set up bodies by April 2015, with industry figures suggesting sharing personnel.
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Opinion
Do you need an app for that? Three magic ingredients of a staff savings campaign
Like Minds’ Trevor Rutter lays out the essentials of messaging that will drive staff to save more into their workplace pension, in the latest edition of Technical Comment.
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News
DB steals limelight in 75% of hybrid scheme trustee meetings
Three-quarters of hybrid scheme trustees spend more time on their defined benefit offerings than defined contribution, sparking concerns that they are failing to respond to the shift to DC.
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News
Tenth of employers weigh up medium-term DC drawdown offering
One in 10 UK employers have said they will offer members post-retirement drawdown facilities within their defined contribution scheme in three to five years, according to a poll, but advisers still doubt trustees’ desire to govern such provision.
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Features
Dixons Carphone uses restaurant discounts to win 80% sign-up for online portal
Electronics retailer Dixons Carphone has seen close to 80 per cent of employees log in to its new benefits portal since it was launched in June, after it offered members incentives in a bid to drive engagement.
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News
DB-to-DC transfers forecast to impact on derisking strategies
Investment experts have predicted liability-driven investment programmes could become more tricky since the chancellor gave the green light to transfers from defined benefit to defined contribution, with schemes finding find it more difficult to predict liabilities.
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Opinion
Nest: Budget freedoms could mean fewer opt-outs from older workers
Talking head: Nest’s CEO Tim Jones explains how despite its lower than expected opt-out rates, there is still a need to increase understanding about pensions and convince people that saving for retirement is worthwhile, especially in light of the new pension freedoms.
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News
Nest sizes up green technology as it sharpens ESG focus
Nest is looking to benefit from a low-carbon economy through investments in green technology, in a triennial update of its investment beliefs announced today.
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Opinion
Time is running short. Regulators must provide detail on how to implement DC reform
Talking head: The National Association of Pension Funds’ Richard Wilson lays out the increasingly troubling timetable for schemes to carry through this year’s DC reforms, and calls on government and regulator alike to provide further detail.
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Opinion
How to educate DC members on retirement 2.0
Zurich’s Jonathan Plumtree argues that auto-enrolment and the Budget’s pension reform have turned the engagement challenge on its head, creating a new focus on decumulation, in the latest edition of Technical Comment.
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Features
Unilever sees 26% opt-out from AE joiners on tax grounds
Unilever has seen slightly more than one in four of its tiny non-scheme member population opt out, with the majority close to or having reached the lifetime allowance limit for tax-privileged saving.
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Opinion
The Budget has not killed off lifestyle strategies
Jelf’s Mark Winstanley argues that the Budget changes did not destroy lifestyle strategies, and predicts there will be three predominant paths of member decision-making at retirement, in the latest edition of Informed Comment.
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News
ETV exercises to rise as government accepts DB-to-DC transfers
Industry experts have predicted the use of enhanced transfer value exercises could increase as employers look to encourage switches out of defined benefit plans in light of the Budget changes, but trustees have been urged to ensure members receive adequate advice.
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News
PPI: Small employers may seek pay cuts to make up auto-enrolment cost
A report released last week found smaller employers may consider decreasing basic pay to implement auto-enrolment, while experts said implementing the reform will lead to a focus on benefit structure.
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Opinion
Picking through the guidance guarantee small print
Finally some details on the guidance guarantee. Soon-to-be pensioners will receive independent guidance from April 2015, as the government clarifies the guidance guarantee announced in this year’s Budget.
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Features
Unite mulls launching CDC scheme as unions back risk sharing
Unite is considering establishing a collective defined contribution scheme, as union groups voice their support for defined ambition benefit structures that share risk between employees.