All Defined contribution articles – Page 135
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News
United Utilities: charge cap could shield members
United Utilities' pension manager has voiced support for a cap on fees as it would protect default fund members from the decisions of their smaller and potentially less well-informed employers.
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NewsInvestment peaks as schemes buy cheaper gilts
News analysis: UK pension funds hit a record of £17bn of net investments during the second quarter, largely as a result of schemes taking advantage of lower bond prices, according to data from the Office for National Statistics.
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News
How the OFT report affects your scheme
The Association of British Insurers will audit contract and bundled schemes at risk of being poor value for members, following the Office of Fair Trading’s investigation into the market.
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Features
L&Q segments DC scheme to hone outcomes
London and Quadrant Housing Trust has segmented its defined contribution scheme membership in an innovative review of whether its investment strategy and communication will create good member outcomes.
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News
High AE engagement from young not enough, industry says
News analysis: Young people have been more accepting of auto-enrolment than their older colleagues, official data have shown, but industry figures have warned against complacency over retirement saving.
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NewsHow Molson Coors built flexibility into its default
Molson Coors UK Pension Plan has chosen dynamic asset allocation for its default fund to more effectively respond to market fluctuations.
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Opinion
Editorial: Embracing apathy
This year’s eight annual Leadership of Pensions Summit left in its wake quite a few lessons, and some surprises too, about how pension schemes and policymakers are meeting today’s industry challenges.
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News
Whitbread: spike in non-eligible employees saving after AE
Whitbread has seen an increase in the number of employees that were not eligible for auto-enrolment joining its pension scheme since it began communicating the reform.
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News
BofA scheme boosts member engagement to give greater retirement certainty
Bank of America Merrill Lynch UK Pension Plan has upped member engagement through online tools that enable workers to make changes to their pension plans, to give them greater certainty over their retirement income.
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News
How to close your scheme's comms gap
News analysis: Employers have been urged to better educate staff about their workplace pension plan, as new research has found more than a third of employees are still unaware of auto-enrolment.
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News
Default fund strategies must home in on member outcomes
Defined contribution schemes should pay more attention to the retirement objectives of their members rather than the market benchmark when assessing the effectiveness of their default strategy, according to a report.
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News
Members need push to use scheme calculators
The use of pension charges calculators to inform members has become the norm for pension funds, industry experts say, but member engagement is still low.
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NewsCharity bears brunt of AE contributions
Action for Children has said it chose to place a greater burden on itself than employees when setting its auto-enrolment contribution levels, in a drive to create fairness.
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Opinion
Keeping members informed and happy
The governance objective for anyone running a defined contribution scheme should be to provide robust and proactive defaults, and an environment where members can make informed decisions.
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News
What the ABI’s annuity tool means for your scheme
The Association of British Insurers' annuity comparison tool has been welcomed as a step forward for transparency, but experts have said more can done to get members the best deal.
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News
Rentokil reports 4% opt-out rate in first AE wave
Rentokil Initial has revealed just 4 per cent of workers in its first auto-enrolment tranche have opted out since May, making it one of the lowest rates reported within the private sector.
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Opinion
The cost obsession is creating a false dichotomy
At first glance it appears simple: Four legs good, two legs bad. Lower-cost index funds good, higher-cost active funds bad. But is that the case?
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News
Pressure grows for improved default fund standards
News analysis: Focus on the design of default funds has sharpened following government and industry plans to explore new minimum standards, but the process presents challenges, industry experts have said.
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Opinion
Crucial retirement tools to benefit your members
Members of a defined contribution pension scheme need to be actively involved throughout their working life to make investment and contribution level decisions, and it gets increasingly important as retirement approaches.
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NewsLaw firms poised for 2014 AE capacity crunch
An eightfold rise in the number of employers reaching their auto-enrolment staging date next year could leave many of them struggling to find the appropriate legal advice to complete the process, industry experts have said.