All Defined contribution articles – Page 17
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NewsTPR publishes guidance for DC schemes seeking better value for members
Guidance to help defined contribution (DC) schemes comply with new regulations to ensure they consider all the investment opportunities available to achieve best value for savers has beenpublished today by the Pensions Regulator (TPR).
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NewsMansion House reforms build momentum behind CDC
Collective defined contribution (CDC) is proving the most popular of the Mansion House ‘reforms’, with more than a third (36%) of trustees and sponsors finding it the most attractive, according to Aon.
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NewsSPP: Decumulation reforms must build on successes of auto enrolment policies
The Society of Pension Professionals (SPP) has issued feedback to the the Department of Work and Pensions (DWP)’s consultations on small pots and helping savers understanding their pension choices/decumulation.
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OpinionAnnuities for the DC generation
Standard Life’s Claire Altman considers the future of annuities for the DC generation, arguing that in future savers will look for ‘blended’ solutions.
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NewsMaPS corrects potentially dangerous omission, but keeps Mum about it
The Money and Pension Service last week published an updated version of its “Your Pensions, Your Choices” guidance booklet, which is typically sent to every individual as they approach their retirement.
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NewsPDP: update on reset and there are no failures, merely challenges
The Pensions Dashboards Programme (PDP) has published an update on its ‘reset’, the term it has adopted for the latest delay to its programme.
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NewsLiving on your own in retirement is bad for your wealth
New research from Standard Life shows that single people need an additional £160,000 compared to pensioner couples who can share costs.
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NewsSurvey says: 3/10 savers prefer CDC pension to annuity or drawdown
Almost one third (30%) of defined contribution (DC) savers in the UK said they would prefer a collective defined contribution (CDC) pension as a decumulation option at retirement, above the options of an annuity or drawdown.
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NewsPensions awareness campaign back for its 10th year
Pensions Geeks has announced that its 2023 pensions awareness campaign will take place from 11th to 15th September 2023.
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OpinionRome wasn’t built in a day: Neither is a pension
Encouraging scheme members to contribute more into their pension means empowering them to understand the implications of that increase, argues Ashley Staples.
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NewsA third of DC pension members 'have no idea' how much they have saved
A third of savers contributing to a defined contribution scheme have no idea how much is in their pension pot, according to analysis of FCA data by consultancy Broadstone.
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NewsRetirement advice: Fewer than one in five savers used Pension Wise
Less than a quarter of over 55s who had started accessing their pension took advantage of the government's free, independent and impartial guidance service Pension Wise, the Financial Conduct Authority has revealed.
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NewsAuto enrolment: Could removal of £10k trigger help low earners save more into a pension
A research report commissioned by the Pensions and Lifetime Savings Association (PLSA) and carried out by the Pensions Policy Institute (PPI) looked at whether removing the £10,000 auto enrolment earnings trigger could help the UK's low earners save more into their pension.
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NewsPension schemes urged to get on board with ABI/PLSA #pensionattention campaign
The Pensions and Lifetime Savings Association (PLSA) and the Association of British Insurers (ABI) will team up again this September to call on the public to pay their pension some attention.
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OpinionLessons from down under: Could a clearing house solve the small pots issue?
The case for giving members more choice with their pensions is gathering pace in the UK, argues Richard Wilson.
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NewsPensions Management Institute elects new president
The Pensions Management Institute (PMI) has elected Robert Wakefield as president following it 47th Annual General Meeting (AGM).
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People NewsNest CEO Helen Dean steps down
Helen Dean CBE, one of the architects of auto enrolment, is to step down as Nest CEO after nearly eight years in the role.
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NewsWhy auto enrolment only guarantees the most basic of retirement incomes
Even those who save the minimum amount into their pension for over 40 years will not have enough to secure the Pension and Lifetime Savings Association's (PLSA) retirement living standards ‘minimum’, ‘moderate’ or ‘comfortable’ retirement as a single pensioner.
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NewsMaPS forced into about turn on revision of pensions guide
The Money and Pension Service (MaPS) has revised a key pensions guidance document over concerns it could lead to non-UK residents facing an unexpected tax bill.
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NewsACA: HMRC must give greater clarity to avoid "pensions limbo" for DB schemes and members
The pensions industry requires greater clarity from government departments, if defined benefit (DB) schemes and members are not to find themselves in a “tax limbo”, warned the Association of Consulting Actuaries (ACA) this morning.