All Defined contribution articles – Page 134
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Opinion
Where do we stand on pot-follows-member after the Budget?
Aon Hewitt’s Geraldine Brassett in this edition of Technical Comment discusses the prospects for the government’s small pension pot consolidation reform following the historic Budget changes, and how the scheme could work.
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Opinion
Five comms tips to get DC savers contributing more
In the latest Technical Comment, B&CE’s Liz Armstrong runs through five tips for creating scheme communication that will encourage members to contribute above the minimum.
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Opinion
The Budget changes were dramatic, surprising and good for DC
On March 19 I left home as a worker in the pensions industry, and 10 hours later I returned, shaken, shocked and working in the lifetime savings industry.
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Features
How the DA pensions bill could affect your scheme
Schemes have been left pondering how their benefit structures would be considered under the the government’s latest pensions bill, which codified three types of pension scheme, including “shared risk” schemes.
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Opinion
Tackling auto-enrolment’s SME challenge as capacity shrinks
Punter Southall’s Neil Latham sets out the auto-enrolment battle facing smaller companies that present less attractive business to the major providers, and are themselves less engaged with the reform, in this Informed Comment.
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Opinion
How to predict member outcomes in the new normal
Myriad products could help grow pension savers’ assets following the Budget changes, but caution is recommended.
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Opinion
Kingfisher reviews its DC set-up to meet newfound flexibilities
Kingfisher Pension Scheme is planning to review member outcomes as it looks to make sure its default fund fits with the greater at-retirement flexibility opened up by the Budget.
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Features
How JPMorgan and RBS give DC members retirement flexibility
JPMorgan and Royal Bank of Scotland are working to offer members of their defined contribution schemes flexibility in how they access their retirement savings, in light of the Budget reforms.
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Opinion
In defence of the regulator’s DC code, six months on
In the latest edition of Informed Comment, Mercer’s Rachel Brougham mounts a robust defence of the quality features enshrined in the Pensions Regulator’s DC code.
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News
Fifth of smaller employers failing to prepare for AE
One in five small businesses are not currently preparing for auto-enrolment, research has shown, as concern grows around smaller employers’ ability to comply with the legislation.
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FeaturesTrinity's second bite of comms cherry gets 60% hit rate
The £100m Trinity Mirror Pension Plan’s second attempt at a communications exercise to encourage additional contributions, to make up for the employer's decision to reduce payments, resulted in a 60 per cent take-up among the 1,000 members targeted.
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Opinion
Nest: Scale has given us an ‘internal market’ for DC assets
Talking head: Nest’s CIO Mark Fawcett describes how the scheme has been able to use its growing scale to reduce its investment costs, as well as effectively transacting between different scheme members.
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NewsAMNT: Oz-style 'supers' could emerge from latest UK reforms
The Association of Member Nominated Trustees has said ‘to-and-through’ retirement options could pave the way for Australian-style superannuation schemes, if employers are willing to take on any additional governance burden that a post-retirement commitment could create.
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News
Collective schemes to be enforced by valuation and reporting framework
Collective schemes – which pool members’ assets and risk – will have to comply with new valuation and reporting requirements, under initial proposals outlined yesterday in the Queen’s Speech.
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Opinion
Why a lack of detail is holding up the defined ambition debate
Today, the Queen set out the government's legislative plan. Pensions were expected to take centre stage, with proposals for collective defined contribution schemes expected to be announced.
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Opinion
DB-DC transfer uncertainty compounds schemes’ demographic challenge
In the latest edition of Technical Comment, Towers Watson’s Sadie Hayes discusses how the maturing of defined benefit scheme liabilities has been complicated by the Budget reforms.
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News
Transfer industry: pot-follows-member transfers can cost just £1
Pension transfer systems have countered concerns raised by industry figures that implementing pot-follows-member could result in high costs, which may be passed onto members.
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Opinion
Webb makes bid to secure legacy with CDC
This week’s Queen’s Speech will bring about further reforms to the pensions’ landscape focusing on collective defined contribution proposals, according to reports.
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News
Industry calls for better DC risk guidance to hit target outcomes
Industry figures have called for better guidance for defined contribution members to help them choose the appropriate level of risk pre-retirement to achieve their target outcomes.
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News
PPF assesses out-of-cycle valuations for schemes affected by 'money purchase' definition
The Pension Protection Fund launched a consultation last week to assess the material change in risk to the lifeboat brought about by the changes to the definition of money purchase benefits, which will come into force later this year.