All Defined contribution articles – Page 151
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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.
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FeaturesHeineken targets quicker changes with contract scheme
The beverages business has revealed it chose a contract-based rather than a trust-based defined contribution scheme to speed up its investment governance.
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Features
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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Features
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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Features
Case study: Nelsons ups employee contributions by 54%
Healthcare manufacturer Nelsons has increased its average employee contribution to 5.4% from 3.5% by replacing its communications provider and launching a new group personal pension (GPP).
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Features
Case study: Oracle ups membership to 87%
Oracle Pension Plan has increased its membership to 87% through a communications exercise, which also led to 74% of members making active investment decisions.
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Features
Regulator: How schemes can better protect members
The Pensions Regulator discusses how it is working with schemes to protect members’ benefits and preparing the industry for auto-enrolment.
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Features
Manager competition essential to reduce DC fees
George Coats analyses what UK schemes can learn from how Norway achieved lower investment fees and higher levels of participation.
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Features
Admin warning on DB-DC transfers
Defined benefit (DB) schemes considering offering member transfers to defined contribution (DC) arrangements have been warned of administrative costs and falling foul of the regulator.
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Features
Are ETVs always inappropriate? Ask a BA pilot
The pensions minister is wrong in condemning schemes for offering cash incentives for defined benefit (DB) members to switch to defined contribution (DC) plans.