All Defined contribution articles – Page 149
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News
Catering company braces itself for multiple AE spikes
Contract caterer Elior is preparing for a series of peaks during the initial stages of going live with auto-enrolment in July, due to the seasonal nature of its work in the sports industry.
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NewsJohn Lewis campaign curtails AE opt-outs
The John Lewis Partnership has reported an initial 5 per cent auto-enrolment opt-out rate and increased saving interest from teenage employees, after a widespread engagement campaign and membership survey.
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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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Features
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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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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Features
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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Features
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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Features
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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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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Features
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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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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Features
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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Features
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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Features
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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Features
British Steel launches nursery DC to manage cost
The £11.4bn scheme will close its defined benefit section to new entrants and introduce a money purchase scheme to manage the costs of auto-enrolment.
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Features
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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Features
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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Features
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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Features
Star Group invests third of assets in diversified beta to reduce risk
The £213m scheme has placed a third of its total assets in a single fund to reduce volatility while running a relatively high risk of overconcentration in one manager
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Features
Plans risk member backlash over complex DC fees
Schemes have been called on by communication experts to consider the “personal impact” on their members of more complex defined contribution (DC) fee structures.