All Defined contribution articles – Page 24
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NewsACA chair balks at funding code for open schemes while backing CDC
Concerns about the new funding code forcing “unnecessarily cautious” funding approaches upon open defined benefit (DB) schemes were raised at the All Party Parliamentary Group’s annual pensions lunch earlier this week.
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NewsTPR at the root of high levels of industry dissatisfaction over policy direction
More than six in ten (61%) of pension industry respondents are unhappy with the direction of pensions policy over the past six months, according to the latest Pensions Management Institute (PMI) Pulse Survey. That’s an increase of almost 40% (38.6%) compared with last year’s survey.
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NewsPension industry unites to put an end to inequity
A group of more than 20 businesses have formed the Pensions Equity Group (PEG), a new industry coalition to tackle pension equalities in the UK.
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NewsLabour backs £50 billion DC incubator 'growth fund' concept
Shadow chancellor Rachel Reeves has backed a proposed £50 billion ‘future growth fund’ and suggested that she might be prepared to force pension funds to make investments in fast-growing UK companies.
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NewsTPR's new CEO unapologetic for demanding high standards
The Pensions Regulator has called for greater industry collaboration while firing a warning shot across the bows of schemes and trustee boards that don’t meet the regulator’s standards.
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OpinionTime to review how the UK saves for the future
Hymans Robertson’s Hannah English argues that now is the right time to review retirement income saving.
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NewsGAD analysis identifies LGPS pay and pension gender gaps
Female members of the Local Government Pension Scheme (LGPS) for England and Wales suffer considerable gender pay and pensions gaps, according to a new report from the Government Actuary’s Department (GAD).
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NewsHalf of freelance workers not saving for their retirement
Almost half (45%) of freelance and other self-employed workers do not save into a pension, according to new research.
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NewsLord Mayor: DC funds hold UK's future growth in their hands
Defined contribution (DC) pension funds offer the key to turbocharging the growth of the UK’s fintech sector, according to Nicholas Lyons, Lord Mayor of London, speaking at DG Publishing’s DC Strategic Summit on Monday 15 May.
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NewsDC funds adoption of ESG investments accelerates
How defined contribution (DC) schemes invest has been a topic of much debate with various government consultations threatening change and offering opportunity in equal measure. The master trust sector clearly wishes to be seen to be driving forward the debate, aiming to set the investment agenda and also offer more sophisticated investments to members.
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OpinionCan regulation revive DB schemes?
The Work and Pensions Committee’s call for evidence on defined benefit (DB) pension schemes has now closed, and with a new funding code on the horizon, now is a good time to reflect on what makes a successful DB scheme.
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NewsPensions Expert will go on (under new ownership)
Pensions Expert has been acquired by DG Publishing, a specialist provider of pensions information and events.
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NewsSix providers score gold for financial wellness offerings
Six workplace pension providers have been awarded an overall gold rating in Benefit Guru’s third annual Financial Wellness ratings.
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NewsReport: UK workers face more than £115,000 retirement income deficit
That people are not saving enough for their retirement is a well established fact. But a new report has put a figure of £115,000 as the deficit those who rely solely on pension contributions will face once they retire.
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NewsAltmann: ‘Older pensioners must not be abandoned’
The government was right to raise state pensions in line with inflation this year after it “abandoned” pensioners in 2022, former pensions minister Baroness Ros Altmann has said.
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NewsThree-quarters of UK adults are ignorant of their pension savings
Three in every four people (75 per cent) are ignorant of how much they have saved in their pensions, according to new research by Standard Life.
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NewsHMRC U-turns on lifetime allowance death payments change
HM Revenue & Customs has listened to feedback from pension providers and will abandon making changes on dealing with death benefits in respect of the lifetime allowance being scrapped.
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NewsTPR authorises first CDC pension scheme
The Pensions Regulator has authorised the UK’s first collective defined contribution pension scheme.
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NewsInflation falls but remains high enough to do damage
The hopes of analysts waiting with bated breath for the latest inflation rates have been dashed, after the headline figure is shown to have remained in double digits at 10.1 per cent, according to the latest data from the Office for National Statistics.