All Defined contribution articles – Page 27
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NewsLiving on your own in retirement is bad for your wealth
New research from Standard Life shows that single people need an additional £160,000 compared to pensioner couples who can share costs.
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NewsSurvey says: 3/10 savers prefer CDC pension to annuity or drawdown
Almost one third (30%) of defined contribution (DC) savers in the UK said they would prefer a collective defined contribution (CDC) pension as a decumulation option at retirement, above the options of an annuity or drawdown.
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NewsPensions awareness campaign back for its 10th year
Pensions Geeks has announced that its 2023 pensions awareness campaign will take place from 11th to 15th September 2023.
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OpinionRome wasn’t built in a day: Neither is a pension
Encouraging scheme members to contribute more into their pension means empowering them to understand the implications of that increase, argues Ashley Staples.
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NewsA third of DC pension members 'have no idea' how much they have saved
A third of savers contributing to a defined contribution scheme have no idea how much is in their pension pot, according to analysis of FCA data by consultancy Broadstone.
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NewsAuto enrolment: Could removal of £10k trigger help low earners save more into a pension
A research report commissioned by the Pensions and Lifetime Savings Association (PLSA) and carried out by the Pensions Policy Institute (PPI) looked at whether removing the £10,000 auto enrolment earnings trigger could help the UK's low earners save more into their pension.
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NewsRetirement advice: Fewer than one in five savers used Pension Wise
Less than a quarter of over 55s who had started accessing their pension took advantage of the government's free, independent and impartial guidance service Pension Wise, the Financial Conduct Authority has revealed.
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NewsPension schemes urged to get on board with ABI/PLSA #pensionattention campaign
The Pensions and Lifetime Savings Association (PLSA) and the Association of British Insurers (ABI) will team up again this September to call on the public to pay their pension some attention.
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OpinionLessons from down under: Could a clearing house solve the small pots issue?
The case for giving members more choice with their pensions is gathering pace in the UK, argues Richard Wilson.
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People NewsNest CEO Helen Dean steps down
Helen Dean CBE, one of the architects of auto enrolment, is to step down as Nest CEO after nearly eight years in the role.
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NewsPensions Management Institute elects new president
The Pensions Management Institute (PMI) has elected Robert Wakefield as president following it 47th Annual General Meeting (AGM).
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NewsMaPS forced into about turn on revision of pensions guide
The Money and Pension Service (MaPS) has revised a key pensions guidance document over concerns it could lead to non-UK residents facing an unexpected tax bill.
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NewsWhy auto enrolment only guarantees the most basic of retirement incomes
Even those who save the minimum amount into their pension for over 40 years will not have enough to secure the Pension and Lifetime Savings Association's (PLSA) retirement living standards ‘minimum’, ‘moderate’ or ‘comfortable’ retirement as a single pensioner.
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NewsACA: HMRC must give greater clarity to avoid "pensions limbo" for DB schemes and members
The pensions industry requires greater clarity from government departments, if defined benefit (DB) schemes and members are not to find themselves in a “tax limbo”, warned the Association of Consulting Actuaries (ACA) this morning.
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NewsPrivate equity or bust? Why the Mansion House pension compact needs detail and circumspection
Is the private equity push a headline-grabbing stunt or a forward-thinking initiative that could help boost both the UK economy and savers' pots?
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NewsMulti-employer CDCs discussed at TPT roundtable events
TPT Retirement Solutions has held roundtable discussions with interested businesses on launching multi-employer collective defined contribution (CDC) schemes.
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NewsMaster trusts: TCFD reports 'almost impossible' to compare
Taskforce for Climate-related Financial Disclosures (TCFD) reports need to be beefed up and made more relevant, a report by the Defined Contribution Investment Forum has found.
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NewsLTA tax proposal is 'bombshell' for untouched pension pots
The government appears to be backtracking on the ability to inherit pension pots tax-free, according to LCP.
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NewsFears for pension savers as tax-free cash is gobbled up by debt
Paying for home renovations is the most popular use of the 25 per cent tax-free pension lump sum with 15 per cent using it to pay down a mortgage, credit card, and or loans.
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NewsSmart Pension buys Evolve Pensions for undisclosed sum
Smart Pension has acquired Evolve Pensions, owner of £750m Crystal master trust.