All Defined contribution articles – Page 4
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FeaturesCDC: Pensions industry showing cautious interest in new model, polls show
As legislation facilitating collective defined contribution pension schemes edges closer, professionals are eager to discover what the new model could bring. However, the consensus is not universal, as Sara Benwell and Nick Reeve report.
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NewsNo one answer to low earners’ pension dilemma, says PPI
No single change to the auto-enrolment regime will protect all low earners, according to the Pensions Policy Institute, with the removal of the lower earnings limit posing short-term affordability issues for many.
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OpinionPower to the people: Manchesterism, megafunds and member-nominated trustees
As new prime minister Andy Burnham sets out his plans for the UK, Janice Turner, honorary president of the Association of Member Nominated Trustees, contrasts his devolution approach with the consolidation of defined contribution pension schemes.
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NewsPension transfer reform needs rethink to ensure consistency, industry says
Respondents to a government consultation have warned that some elements need more work, including a requirement for ceding schemes to assess the appropriateness of a receiving arrangement.
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ArticleScale and consolidation: Finessing the detail of the £25bn target
The government has sought to provide more clarity on elements of its scale and consolidation plans ahead of a full consultation next year.
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In DepthIn Depth: Inside the government’s pensions policy bonanza
From Value for Money to surplus release via scale and consolidation discussions and levy arguments, Monday’s roadmap announcement has given the pensions industry a lot to think about.
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ArticleHighlights from Torsten Bell’s speech to launch the updated reform roadmap
Key excerpts from pensions minister Torsten Bell’s address at Mansion House on 13 July, in which he set out the need for cohesive action across the government’s reform agenda.
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ArticleGuided retirement: Is delaying implementation good or bad?
Last week’s regulatory update saw the guided retirement timetable adjusted to coincide with the CDC rulebook – but will this put some retirees at a disadvantage if support services are delayed?
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ArticleValue for Money: A pragmatic delay, but with much work still to do
The Value for Money regime is on its way, but with the rulebook still in development, what does the pensions industry make of the government’s latest thinking on this crucial reform?
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NewsSix in 10 pensions professionals doubt CDC will gain traction
Explaining how CDC works could be a major obstacle to the model’s success, according to industry professionals polled by Sackers. Almost half of respondents said key features would be challenging to communicate.
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NewsTrade bodies hit back as master trusts face planned 9% levy increase
A consultation on levy changes was published by the Department for Work and Pensions earlier this week, proposing significant increases in payments in an attempt to cover a rising funding shortfall.
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FeaturesWhat the pensions industry wants from the Pensions Commission
Pensions Expert has collated a selection of views from senior representatives, each exploring what they would like to see from the final report when it is published next year.
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NewsDC consolidation: Four providers hold 70% of assets, study finds
As the government pushes forward with its £25bn scale requirement for DC schemes, new research shows that the sector is already dominated by a small number of providers.
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OpinionCushon: Meeting the adequacy challenge in a changing DC world
Accumulating a pension pot and choosing how to draw it down should not be treated as two distinctly separate issues, according to Cushon policy and research director Steve Watson.
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OpinionIFS: How to boost pension saving among the self-employed
Getting more self-employed people saving for retirement is a key focus for the pensions minister and the Pensions Commission. Laurence O’Brien of the Institute for Fiscal Studies explores how this could be done.
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OpinionSackers: Kicking off the second half of a year of DC pension reform
Helen Ball, partner at Sackers, looks ahead to the next few months and what they could bring for different sections of the DC market as reform implementation kicks off.
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NewsCost of renting will wipe out auto-enrolment savings for future retirees, research warns
Future generations retiring with a minimum auto-enrolment pension will see their workplace savings wiped out by the cost of renting, according to research by Hymans Robertson.
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OpinionHow much does it really cost to retire? The case for career-level pension planning
Philip Hodges, a director at Guiide, makes the case for pension schemes providing greater assistance to members to understand all their retirement savings and prepare to draw an income.
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OpinionIs an expanded collective DC framework the future of pensions?
Beth Brown and Sally MacCormick of Arc Pensions Law discuss the nuances of collective DC and how it could benefit members once the necessary legislation is in place.
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NewsAuto-enrolment reforms could introduce unwelcome complexity, study finds
Introducing flexible approaches to auto-enrolment contributions risks introducing complexities and would not be popular among savers or employers, according to a major study led by Pensions UK.