All Defined contribution articles – Page 2
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OpinionSPP: Putting people at the heart of retirement decisions
Clear and considerate communication will be key to helping members make the best choices in the lead up to, and through, their retirement, argues Alastair Hogg of the Society of Pension Professionals.
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NewsGender pension gap shrinks but shortfall still ‘unacceptable’, says union
New analysis from trade union Prospect has found that the gap, which measures the difference between the pension income of men and women, fell to 32.9% in 2023-24.
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People NewsWTW appoints Clutterbuck to lead Cushon Master Trust following acquisition
WTW finalised the acquisition of the Cushon Master Trust from NatWest earlier this month, following sign-off from the Financial Conduct Authority.
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OpinionPensions UK: Commission is a bold first step towards a fairer, more adequate system
As the pensions industry absorbs the Pensions Commission’s interim report and assesses its findings, Pensions UK’s Matthew Blakstad highlights some key points and where the trade body will focus its efforts in the coming months.
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News‘Wake up call’ on adequacy from Pensions Commission in interim report
The government has been urged to act promptly to address the gender pension gap and the lack of retirement options for the self-employed, following the publication of the Pensions Commission’s interim report.
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NewsPensions Commission calls for ‘new national settlement on pensions’
The Pensions Commission’s final report is slated for early next year, with Baroness Jeannie Drake promising that it will “address the need to secure adequate income in later life and a pension system that is fit for decades to come”.
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NewsMaster trusts expand retirement support as savers face ‘big decisions’
Two master trusts have launched support services for their members in the run-up to retirement as the industry’s attention is shifting to the at- and post-retirement stages of the pension journey.
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OpinionWhat India’s pension system can teach the UK about Value for Money
Subroto Das, a former chief general manager at PFRDA, India’s pension supervisor, sets out some important lessons for UK regulators ahead of the introduction of Value for Money, taken from a recent research paper.
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NewsThe £25bn question: TPR report casts doubt on benefits of scale
New research from the Pensions Regulator indicates that scaling up defined contribution pension schemes will not bring guaranteed economies of scale.
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NewsNest granted drawdown capabilities ahead of guided retirement push
The government has amended legislation to allow Nest to provide “flexi-access drawdown” as the Pension Schemes Act introduces decumulation requirements for DC providers.
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NewsRegulator gives green light to WTW’s Cushon acquisition
WTW now owns two defined contribution master trusts serving the UK market, with Cushon now sitting alongside its existing LifeSight offering.
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NewsTPT adds sukuk bond fund to member options as Sharia investing choices grow
Source: Evgeny Atamanenko/Shutterstock TPT Retirement Solutions is the latest defined contribution (DC) provider to add Sharia-compliant sukuk bonds to its investment options for members.
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NewsHow small employers are trying to boost pension saving levels
Small employers are concerned about a lack of retirement saving among younger workers and exploring ways to increase pension engagement, according to new research from People’s Pension.
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NewsLambeth among schemes backing UK venture capital investment drive [updated]
The London Borough of Lambeth Pension Fund is among several LGPS funds to have backed Schroders Capital’s UK Innovation Long Term Asset Fund, backing domestic venture capital companies.
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NewsPension Schemes Bill finalised: Industry hails ‘historic moment’ despite spectre of mandation
The Pension Schemes Bill has been finalised after protracted debates between legislators, and will now move to receive Royal Assent. Pensions Expert rounds up some of the industry reaction across the various elements of the new legislation.
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NewsBill breakthrough as Lords accept final concessions on mandation power
BREAKING: The Pension Schemes Bill is set to become law after further concessions led to a late-night breakthrough over the controversial mandation policy.
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NewsLatest mandation amendment acknowledges government’s role in UK asset sourcing
Pat McFadden, the work and pensions secretary, has put forward changes to part of clause 40 setting out what the government must do before implementing the reserve power to require specific asset allocations.
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NewsPension Schemes Bill still in deadlock after Lords reject third version of mandation clause
Late last night, peers voted against amendments tabled by the House of Commons earlier in the evening that proposed further limitations on the mandation power, and repeated calls for the clause to be removed altogether.
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NewsDC power brokers: Small group of decision-makers overseeing £160bn
New research says the growth of pension ‘megafunds’ is concentrating power in the hands of a small group of trustees, raising questions over accountability, innovation and member voice.
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NewsInequalities leaving workers facing inadequate retirement incomes
A new report has proposed testing pension rules against disrupted career patterns to ensure eligibility criteria work for people with fluctuating incomes or periods out of work.