All Defined contribution articles – Page 136
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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.
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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.