All Defined contribution articles – Page 2
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OpinionABI: Pension saving must keep pace with our changing society
Roberto Marrocco of the Association of British Insurers looks at the easy wins for the Pensions Commission and the harder questions it faces.
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NewsScale test could ‘paralyse’ industry and hamper innovation, government warned
“Waiting until late 2027 for draft regulations leaves the industry in limbo, threatening to stall vital investment and stifle innovation at a time when providers should be preparing for 2030,” says the SPP’s Chris Austin.
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NewsHow is AI being used across pension schemes’ supply chains?
Pension schemes need a clearer picture of where artificial intelligence is being used across their operations and supply chains as adoption accelerates, according to technology firm Penfold.
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NewsIsio acquires Trafalgar House to expand core admin functions
The significant acquisition is due to complete at the end of August, with Trafalgar House’s administration team joining the existing function led by Kevin Howard.
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NewsSingle pensioners drive rise in retirement poverty, LCP finds
Pensioner poverty has risen steadily since 2012-13, driven largely by worsening outcomes among single retirees, with women making up two-thirds of single pensioners in poverty, according to LCP.
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OpinionLogged in, checked out: The user experience problem pensions won’t face
The average pension app is a decade behind the average banking app. Until that changes, engagement is structurally impossible, argues PensionPay’s Archie Pritchett.
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NewsDWP and FCA extend Value for Money consultation period
The Financial Conduct Authority (FCA) and the Department for Work and Pensions (DWP) have extended their consultation period for the planned Value for Money framework by two weeks.
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NewsAI pension scams put employers under pressure to strengthen fraud warnings
Employers are being urged to strengthen pension scam awareness as artificial intelligence makes fraudulent communications harder for savers to distinguish from legitimate contact.
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NewsTPT introduces CDC modelling tool ahead of multi-employer scheme launch
TPT Retirement Solutions has introduced a new modelling capability designed to support the launch and ongoing management of collective defined contribution pension schemes.
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NewsAon plots entry into CDC market after rulebook enacted
Collective DC could “revolutionise” the UK pension system, according to Aon’s Chintan Gandhi, as the consultancy prepares to launch an offering in 2028.
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NewsWhy pension schemes could be ‘failing’ members outside of the office
Pension schemes need to do more to engage with people who do not typically work at a desk, according to new research from Quietroom.
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OpinionTo make a success of guided retirement, trustees need to know their members
Default retirement offerings pose a difficult problem for DC pension schemes and trustee boards, as Ortec Finance’s Mark Glover explains – but the challenge is not insurmountable.
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NewsHow employers can bridge the pension confidence gap
More than four in 10 workplace pension members would turn to their employer for retirement support, as research finds communications are failing to build confidence or prompt action.
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NewsTPR targets ‘no surprises’ as CDC application process opens
The Pensions Regulator has opened its application process for multi-employer CDC pension schemes, with providers expected to begin submitting their proposals later this year.
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OpinionLong-term vision in a short-term world: Building a pension system that endures
Paul Sweeting, president of the Institute and Faculty of Actuaries, proposes three challenges for the Pensions Commission – and the wider retirement sector – to consider as the work to improve adequacy continues.
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NewsHousing benefit does not support pension saving, PPI research finds
Every £1 of private pension income reduces housing benefit entitlement by 65p, the Pensions Policy Institute reports, leaving only 35p as an improvement to a person’s disposable income.
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FeaturesCDC: Pensions industry showing cautious interest in new model, polls show
As legislation facilitating collective defined contribution pension schemes edges closer, professionals are eager to discover what the new model could bring. However, the consensus is not universal, as Sara Benwell and Nick Reeve report.
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NewsNo one answer to low earners’ pension dilemma, says PPI
No single change to the auto-enrolment regime will protect all low earners, according to the Pensions Policy Institute, with the removal of the lower earnings limit posing short-term affordability issues for many.
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OpinionPower to the people: Manchesterism, megafunds and member-nominated trustees
As new prime minister Andy Burnham sets out his plans for the UK, Janice Turner, honorary president of the Association of Member Nominated Trustees, contrasts his devolution approach with the consolidation of defined contribution pension schemes.
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NewsPension transfer reform needs rethink to ensure consistency, industry says
Respondents to a government consultation have warned that some elements need more work, including a requirement for ceding schemes to assess the appropriateness of a receiving arrangement.