All Defined contribution articles – Page 22
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NewsLatest dashboards delay is catastrophic for consumers
The latest delay to the Pensions Dashboards Programme announced at the end of last week was met with many shows of good grace – and perhaps schadenfreude – from certain parts of the pensions industry.
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NewsPensions minister delays dashboards and resets plan
Pensions minister Laura Trott has delayed the implementation of the long-awaited pensions dashboards, causing consternation for pension advisers and consultants.
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NewsCost of living crisis is compounded by apathy in the workplace
The cost of living crisis has raised concerns among pension schemes that some members may choose to abandon their pensions in order to boost their take-home pay.
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OpinionTalking to members about savings and the cost of living crisis
Quietroom senior writer Cath Collins offers some tips on how to address the cost of living crisis with members.
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NewsPensions admin: No longer the Cinderella function
Pensions administration is often considered a sleepy backwater for technical pensions nerds, but its time has come, and 2023 is going to be the year of the administrator.
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NewsGovernment incentive plans are focused on wrong groups of workers
Government efforts to boost Britain’s economic activity should focus on supporting more mothers into work and helping older workers and those with a disability stay in work, not those who have already retired, according to new research published by the Resolution Foundation.
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NewsCalls for MPAA to be raised may overlook root of economic inactivity
The government has called on older people to re-enter the labour market to help boost economic activity, but has this generation been disincentivised by the very regulations designed to give them greater freedom and choice over accessing their pensions?
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NewsDashboard consultation: missed opportunities and a lack of clarity
The closure of the joint consultations on the long-awaited pensions dashboard have raised concerns about timing and the direction of both organisations running the show.
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NewsTPR lead reviewer appointed
The Department for Work and Pensions has announced the appointment of Mary Starks to lead a review of the Pensions Regulator.
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NewsRegulators fear savers will make ‘wrong decision’ with pensions info
On the go: The Financial Conduct Authority and the Pensions Regulator are worried that giving savers information about how their pension schemes are performing may lead to them making “the wrong decision”.
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NewsFRC dashboards standard to remain unaltered until 2024
On the go: Dashboard projected assumptions, which came into force last year, will remain unaltered until March 2024, the Financial Reporting Council has announced.
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NewsTrott: Underperforming schemes to ‘improve, consolidate or exit’
Pensions minister Laura Trott has said pension schemes that are underperforming will need to act and either “improve, consolidate or exit the market”.
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NewsDWP narrows down small pots solution to two options
The Department for Work and Pensions has narrowed down the solution to the small pots issue to either the creation of default consolidators or the introduction of pot-follows-member legislation.
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NewsPension schemes to disclose performance under VfM rules
Pensions schemes will be required to disclose investment performance, net of all costs, as part of the new value for money framework.
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NewsGovernment explores CDC decumulation schemes
On the go: The Department for Work and Pensions is exploring whether it could introduce legislation for decumulation-only collective defined contribution schemes, since these could help “improve member choice and outcomes”.
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NewsAuto-enrolment thresholds held amid cost of living concerns
On the go: The government has confirmed that auto-enrolment thresholds will be held at their current levels for the next year.
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NewsDWP to announce DC reforms amid cost of living crisis
The Department for Work and Pensions will be announcing a series of reforms to defined contribution saving, in an attempt to curtail the impact of the cost of living crisis.
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NewsNuclear sector DB schemes reform to go ahead after 5-year delay
The House of Lords has approved amendments to the energy bill that will allow the two nuclear public sector schemes to be reformed in line with government policy, five years after originally planned.
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NewsGovt refuses to commit to increase auto-enrolment contributions
The government has refused to commit to increasing minimum auto-enrolment contributions, despite acknowledging that the current statutory contribution of 8 per cent is “unlikely to give all individuals the retirement to which they aspire”.
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NewsEngineering company appoints LifeSight as master trust provider
On the go: Engineering company KBR has appointed LifeSight as master trust provider for its 6,400 UK defined contribution scheme members.