All Defined contribution articles – Page 4
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NewsCDC proposals ‘unduly onerous’, warns SPP
The government’s planned rules for multi-employer collective defined contribution (CDC) schemes are “unduly onerous” and could put off providers from launching such arrangements, according to the Society of Pension Professionals (SPP).
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NewsHow the government plans to scale up DC schemes
The government has this week set out how it plans to make it easier for defined contribution (DC) schemes to merge and create “megafunds” with greater ability to invest in a wider range of assets.
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NewsReeves to set out vision for DC ‘megafunds’
The government wants to hasten the consolidation of defined contribution (DC) schemes to realise economies of scale, increase domestic investment and improve governance standards.
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NewsIs bigger really better? Industry reacts to ‘megafunds’ plan
Chancellor Rachel Reeves has been urged to support trustees’ fiduciary duty and ensure there are sufficient UK assets for her planned “megafunds” to invest in.
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NewsThe Pensions Regulator publishes rulebook for CDC schemes
The Pensions Regulator (TPR) plans to send collective defined contribution (CDC) schemes annual evaluations setting out risks, actions and the regulator’s planned supervisory “intensity”.
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NewsAegon plots commercial dashboard launch
Aegon is planning to launch a commercial pensions dashboard once the data ‘ecosystem’ for the concept is up and running.
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NewsCDC legislation planned for next year, says pensions minister
Pensions minister Emma Reynolds expects fresh legislation for collective defined contribution (CDC) schemes to be laid next year – but they are not expected to feature “directly” in the pensions bill.
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OpinionHoping for clarity on Value for Money
The Society of Pension Professionals’ Brian McBride sets out the organisation’s views on how to improve the proposed Value for Money framework.
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NewsOpperman: Consolidation needs to be harder, better, faster, stronger
Former pensions minister Guy Opperman has called for workplace pensions consolidation to be accelerated and extended to include commercial providers and even regulators.
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FeaturesAon’s dashboard approach and the importance of DC income
Independent pensions dashboards consultant Richard Smith continues his series of monthly case studies looking at how providers are preparing for the connection deadlines.
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NewsPeople’s Pension halves carbon footprint of main default fund
The £30bn People’s Pension master trust has halved the carbon footprint of its primary default investment fund after implementing a major climate-centric allocation shift.
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FeaturesBudget 2024: Time to reconsider salary sacrifice?
Experts have urged employers to review their pension contribution models and consider salary sacrifice arrangements after the chancellor announced an increase to company national insurance payments.
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FeaturesCulture clash: bringing AI into pensions
Elizabeth Pfeuti reports from the PLSA Annual Conference on how new technology is dividing, but also inspiring schemes to deliver for their members
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News‘Companies are not listening to us’: DC schemes’ net zero challenges
Progress towards achieving net zero carbon emissions by 2050 is being hampered by some companies failing to engage with pension schemes or backtracking on previous commitments, according to research.
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NewsGeneration Rent retirees could be forced to flee from cities to find housing
Review housing plans and set out a roadmap for improving adequacy, International Longevity Centre tells government
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NewsNOW Pensions accelerates climate action
A massive 76% of total holdings in the diversified growth fund are now directly linked to the trustee board’s responsible investment objectives.
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NewsFind an alternative to DC – or else
We need an alternative to DC for a dignified retirement, former general secretary of the Communication Workers Union warns. Could CDC be the sustainable alternative to DC that society needs?
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OpinionLessons from the DC Future Book
Shantel Okello of the Pensions Policy Institute explores how the DC market has evolved over the past decade and looks forward to what it may look like in another 10 years’ time.
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NewsLook beyond dashboard connection date, schemes told
Trustees have been urged to use their dashboard connection date as the first in a series of triggers that need close attention as the tool continues to evolve.
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NewsUK pension system declining against other countries, research shows
The UK’s pension system has lost its top-10 position among global retirement systems, according to the latest Mercer CFA Institute Global Pension Index.