All Defined contribution articles – Page 137
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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.
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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.