All Defined contribution articles – Page 144
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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
Focusing on expected outcomes is key when developing a default fund, says PTL’s Richard Butcher.
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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
For the pension savers brought on through auto-enrolment, it is too simplistic to equate lower-cost funds with good value, argues Jupiter’s Charlie Crole in the latest Informed Comment.
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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
The Annuity Bureau’s Richard Williams sets out the tools and techniques that schemes and employers can use to get value for their scheme members at retirement, in the latest Technical View.
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Opinion
Why we must fight to keep AE opt-outs low
Most employees of large companies are sticking with pensions. Morten Nilsson from Now Pensions comments on the scheme’s own low rates and why they are not the be-all and end-all, in the latest Informed Comment.
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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.
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News
Employees stick with schemes after auto-enrolment
News analysis: Regulatory and government reports on auto-enrolment find good progress has been made in employee engagement despite a small section of the UK’s largest employers facing investigation.
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News
Fidelity appoints PTL for mastertrust governance
Fidelity Worldwide Investment has appointed PTL as the professional trustee of its mastertrust in a move that will see the governance of the scheme run independently, as employers look to manage potential conflicts of interest in the structure.