All Defined contribution articles – Page 2
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OpinionLooking ahead to the Pensions UK Annual Conference
Dan Mikulskis, chief investment officer at The People’s Pension, looks forward to a busy schedule next week and outlines why it’s right to be excited about the changes facing the UK’s pension system.
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NewsSix key challenges for the revived Pensions Commission
Aon has warned that the government’s revived Pensions Commission will face major structural hurdles if it hopes to deliver meaningful reform to the UK’s pension system.
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OpinionNest Insight: Understanding the context of the Pensions Commission
The final edition of our ‘Dear Pensions Commission’ series sees Nest Insight’s Will Sandbrook explore the economic context of the relaunched Pensions Commission and how it may affect the commissioners’ approach to adequacy.
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NewsAviva launches ‘innovative’ private market default strategy for DC savers
Aviva is stepping up its investment in private markets with a new defined contribution default strategy targeting up to 25% in unlisted assets.
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OpinionIFoA: Reframing pension adequacy – a collaborative response to structural gaps
Alexandra Miles of the Institute and Faculty of Actuaries introduces new research laying out the realities of the pension system inequalities that the Pensions Commission is seeking to address.
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NewsAviva Master Trust tops £15bn amid government push for consolidation
Aviva’s defined contribution master trust has passed £15bn in assets under management, it announced today, as providers seek to meet the government’s £25bn ‘megafund’ target.
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OpinionFabian Society: To ‘finish the job’, address remaining injustices for low earners
In this instalment of Pensions Expert’s ‘Dear Pensions Commission’ series, the Fabian Society’s Sasjkia Otto outlines what her research shows about what future pensioners need.
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NewsDC charges continue to fall amid push to value over cost
WTW’s latest annual DC Pensions and Savings Survey has found that the average charge has fallen from 38bps in 2017 to 28bps this year, with almost two thirds of schemes now charging less than 30bps a year.
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NewsHandful of providers dominate professional trustee market, data shows
LCP’s annual survey of professional trustees shows a maturing sector with growth slowing amid regulatory scrutiny.
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NewsPensions UK sets out model for small pots consolidation
A new report recommends a “federated” system for consolidating deferred auto-enrolment pots of less than £1,000, using existing technologies and processes where possible.
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NewsLifeSight passes £1bn milestone in drawdown assets
WTW’s defined contribution master trust has hit a significant milestone as retirement savings pots grow and ‘Generation DC’ approaches retirement.
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NewsCould a funded state pension ‘megafund’ help boost UK growth?
A new report from think tank The Purposeful Company calls for the creation of a £100bn funded state pension to solve affordability issues and back UK businesses.
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NewsSchemes told to tighten defences as pension fraud losses hit £17.6m
UK savers lost £17.6m to pension fraud in 2024, according to Action Fraud, as the Pensions Regulator warns trustees and administrators to ensure they do as much as possible to combat scams and support members.
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OpinionABI: Supporting the ‘Pay Your Pension Some Attention’ campaign
It’s Pensions Awareness Week, and Emily-Mae Collins of the Association of British Insurers outlines the many positive intiatives that will help consumers pay their pension some attention.
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OpinionThe Friday Takeaway: Pay your pensions administrator some attention!
With Pension Awareness Week upon us, Nick Reeve looks at a crucial part of the pensions industry that is finally getting the positive attention it needs.
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NewsTrustees to shoulder more responsibility for admin improvements, TPR says
The regulator has published a report based on 12 months of engagement with leading administrators and set out areas of strength and challenges that need addressing.
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NewsBigger and better schemes will help fill in ‘pension potholes’, says Bell
Pension scheme consolidation is helping improve outcomes for UK savers, but more work needs to be done to stop a generation of pensioners slipping into poverty, the pensions minister has said.
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NewsBad app experiences could hit VfM assessments, research warns
With customer service set to form a major part of Value for Money assessments, new research shows that there is still much for DC providers to do to improve their digital interfaces.
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NewsNext ‘value for money’ consultation to come later this year, FCA says
The Financial Conduct Authority, the Pensions Regulator, and the Department for Work and Pensions are planning a further consultation on the Value for Money framework later this year.
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NewsPre-Budget rumours spark record lump sum withdrawals, data shows
UK pension savers withdrew a record £10.4bn from their pensions using their tax-free cash allowance in the six months to the end of March, according to Financial Conduct Authority data.