All Defined contribution articles – Page 138
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FeaturesReckitt Benckiser reforms comms to engage youth
The household and health products company’s scheme has made a series of changes to its communications as part of a drive to encourage younger and lower-paid members to put away more for their retirement.
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Regulator calls for proportionate DC data requests
Responding to industry criticism, the regulator has told schemeXpert.com it is interested in views on how it could "strengthen" its collection of data from defined contribution (DC) schemes.
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Case study: M&S’s approach to DC retirement
Engagement with members over their retirement date should start when they join the scheme, Marks & Spencer’s (M&S) technical manager has argued.
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FeaturesCo-op battles 95% apathy with tiered AE scheme
The Co-operative Group has managed its risk of employee disengagement from auto-enrolment by introducing a tiered scheme that mixes defined contribution and career average to suit members' needs.
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How to communicate investment fees to members
In the final instalment of the fund fees survey, schemes outline how they educate and update their members on the impact of charges on their investments.
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Large DC scheme benefits from cutting fund choice
A 10,000-member DC scheme has improved its performance and boosted member engagement by slimming down the number of investment choices it offers.
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FeaturesWebb on AE challenges for medium schemes
Video: Pensions minister Steve Webb discusses with Ian Smith the auto-enrolment delays and what should be top of the agenda for medium-sized employers (5:39).
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DC schemes dump trackers for multi-asset funds
Schemes have dropped equity trackers for better performing multi-asset and target date funds over the past five years, according to research published this week.
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IBM fraud scare shows value of data safeguards
The IBM scheme has warned its members about hoax phone calls, underlining the importance of administration and data cleansing to minimise the risk of fraud.
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Molins’ controversial plan to close DB scheme revealed
The FTSE-listed tobacco specialist has announced proposals to make staff chose between a new defined contribution plan or face dismissal in order to reduce its long-term liabilities.
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FeaturesPennon: Separate DB/DC cash to reduce admin risk
As the regulator toughens its demands on hybrid scheme governance, Ian Smith analyses how schemes including Pennon are managing their administration risk through clear separation of defined benefit (DB) and defined contribution (DC) funds.
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Why 83% of Arup members make max contributions
Since setting up a contract-based DC scheme last year, Arup has seen 83% of its members make maximum contributions. Owen Walker discovershow.
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Inflexible DC defaults fail members, study finds
Owen Walker looks at the latest economic research into creating defined contribution (DC) default funds to help members maximise their retirement income.
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What to learn from the Supreme Court hybrid ruling
Mayer Brown's Edward Jewitt explains how schemes can manage their regulatory risk following the Supreme Court ruling on hybrid defined contribution schemes.
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T Rowe Price bucks trend with DC lifestyle equity exposure
US fund manager T Rowe Price’s UK pension scheme has taken a more adventurous defined contribution lifestyle asset allocation to help members get a higher retirement income.
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British Steel launches nursery DC to manage cost
British Steel Pension Scheme will close its defined benefit section and launch a defined contribution arrangement to make the scheme more sustainable and manage the costs associated with auto-enrolment.
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Thomas Miller confronts volatility with DC default design
Owen Walker discovers how the Thomas Miller pension scheme introduced absolute return funds to its defined contribution (DC) default option to provide members with a better savings experience.
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Pearl shaves fifth off DC fund charge
The Pearl Group Staff Pension Scheme will reduce by a fifth the amount of fees members pay to invest in one of its defined contribution funds later this month.
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Star Group invests third of assets in diversified beta to reduce risk
The Star Group pension scheme has invested a third of its portfolio into a diversified beta fund to reduce its equity exposure and manage the risk of volatility.
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Manager competition essential to reduce DC fees
Small business concern over the increased costs associated with auto-enrolment may be misplaced, Norway’s experience of pension reform suggests.