All Defined contribution articles – Page 135
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Opinion
How to predict member outcomes in the post-Budget world
The 2014 Budget gave pensions savers and plans considerable new flexibility in arranging their retirement incomes.
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Features
Mercer parent shuts DB scheme to equalise benefits
Marsh & McLennan Companies, the US-based parent of global consultancy Mercer, has decided to close its UK defined benefit scheme to future accrual in a stated attempt to create a level playing field between employees.
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News
Managers boost pre-retirement risk to match DC flexibility
Providers are revising products offered to defined contribution pension scheme members to incorporate greater risk in the decumulation phase, as a result of the greater flexibility afforded by the Budget.
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Opinion
Regulator's corporate plan: AE, funding, and trustee training
The Pensions Regulator has laid out its corporate plan for the next three years, in which it sets out plans to review its approach to ensuring high standards of governance and administration for schemes. It will also seek to improve the knowledge and understanding of trustees.
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Opinion
Regulator: Where DC schemes are failing legal minimum
Talking head: The Pensions Regulator’s Andrew Warwick-Thompson looks at the results of the watchdog’s latest governance survey, and highlights where schemes are particularly falling short.
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OpinionThe DC Debate – judging the impact of the saver's Budget
This quarter's debate of the crucial issues facing defined contribution scheme managers and trustees evaluates the fallout of the 2014 Budget, as well as the pensions minister's latest comment on tax relief.
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Features
Half of schemes lack trustee training plan, survey finds
Two employers have explained how they make sure trustees are regularly trained, after a Pensions Regulator survey shows half of schemes do not have a training plan.
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FeaturesHow FirstGroup doubled its online engagement through AE comms
Transport operator FirstGroup has seen its online engagement more than double since before auto-enrolment following a tailored, multimedia communication exercise last year to educate its 30,000-plus employees on pensions.
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Opinion
How to design your DC default pre-retirement phase
Premier’s Martin Thompson takes stock of the Budget’s historic changes to defined contribution savers’ pre-retirement journey and how scheme design must change to match them, in the latest Technical Comment.
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News
Webb seeks to alleviate scheme guidance concerns
Pensions minister Steve Webb has tried to assuage the concerns of defined contribution schemes by implying the guaranteed retirement guidance could be delivered in less intensive ways than face-to-face meetings.
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News
Early engagement key to guidance success, managers say
Pensions managers at two leading UK employers have called on schemes to communicate with their members well in advance of their retirement age, as schemes react to the government's guidance guarantee.
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News
Regulator considers stringent testing for indy trustees to raise standards
The Pensions Regulator is considering requiring formal qualifications for independent trustees and trustee chairs, in order to raise governance standards, its executive director told delegates at Wednesday’s conference.
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News
SME 'genuinely worried' about Budget impact on engagement
A British manufacturer has raised concerns about how the greater retirement flexibility announced in the Budget will impact the success of workplace saving and auto-enrolment, saying employees will need more help to navigate the system.
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OpinionRelive our DC Leadership event in tweets
Editor's blog: This morning pension decision-makers and policymakers came for the first ever Leadership of DC Pensions summit, presented by #FTLive, to debate the challenges facing defined contribution pension schemes.
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Opinion
Where can schemes find value in today’s equity market?
The role of equities is changing in scheme's portfolios. Goodhart Partners' Alan Barlett, Hymans Robertson's Andy Green, JLT's Kieran Harkin, KPMG's Jon Exley and M&G's Aled Smith discuss where value in the asset class can be found.
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Opinion
Final mastertrust assurance framework released: key points
The Institute of Chartered Accountants in England and Wales and the Pensions Regulator have today released their final mastertrust assurance framework, including reducing the number and detail of control objectives to reduce burden on providers.
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Features
Employers ensure AMD ban does not drive up active member fees
Employers have managed to keep active scheme member fees steady while scrapping higher charges for deferred members, after one provider agreed to swallow the cost of next year’s ban.
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Opinion
Auto-annuity purchase is dead – here’s how providers will respond
Guest column: Pensions expert Ros Altmann picks out some of the products that will benefit from the Budget’s assault on the entrenched annuity market.
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News
Missed payments case reveals AE compliance lessons for SMEs
The Pensions Regulator has directed an employer to stump up £143,000 in contributions left unpaid due to payroll errors, with industry experts predicting bad press could have a positive impact on smaller employers with their own auto-enrolment problems.
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News
Greater DC flex forecasted to raise member savings
Increased at-retirement flexibility for defined contribution members introduced by the Budget may lead to higher member contributions, experts have predicted, which could put pressure on some employers’ pension structures.