All Defined contribution articles – Page 40
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NewsDundee University staff plan strike action over DB scheme closure
On the go: More than 100 University of Dundee staff will be balloted on strike action after rejecting plans to close its defined benefit scheme to new members, Unite the union has announced.
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NewsFree tool launched to help pension transfer clients identify scams
On the go: Help & Advice has introduced a scam predictor to allow those considering a pension transfer to check whether they are at risk of being scammed.
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NewsPLSA’s retirement living standards now cover 35mn members
On the go: Pension scheme communications from more than 100 organisations now provide up to 35mn members with access to the Pensions and Lifetime Savings Association’s retirement living standards, the industry body has announced.
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NewsPASA bolsters cyber attack admin checklist amid crime surge
The Pensions Administration Standards Association has published a new cyber crime checklist, advising administrators to keep up to speed with legislation and assess their vulnerabilities to cyber attacks amid a spike in online criminal activity.
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NewsHymans Robertson calls for AE credits to tackle gender gap
Hymans Robertson has called for the creation of auto-enrolment credits in a bid to tackle the gender pensions gap, which would see the government paying pension contributions for people taking career breaks.
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NewsPensions sector warned as business data breaches almost triple
On the go: Pension trustees have been urged to be vigilant after businesses experienced an increase in cyber attacks and data breaches over the past year, as cyber criminals upped their game during the shift towards homeworking.
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NewsGovernment issues call for evidence on climate investment
On the go: The UK government is exploring ways to increase the mobilisation of public and private investment to achieve 2030 climate and nature targets in emerging and developing economies, having launched a call for evidence on May 12.
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NewsLess than half of savers care about pension charges
On the go: Mortgage and bank account charges draw the attention of a higher proportion of savers than pension costs, according to new research.
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NewsHolding asset managers’ feet to the fire on ESG: Engage or swap out?
Swapping out fund managers can be a laborious process, but some pension funds are willing to consider it if asset managers will not step up to the mark on environmental, social and governance factors.
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NewsWPC seeks auto-enrolment input from employers and trade unions
On the go: The Work and Pensions Committee has issued a second call for evidence on how employers and trade unions should protect savers and plan for their retirement as part of its inquiry on “saving for later life”.
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NewsCofE convenes climate transition group, Clara pledges net zero
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including a coalition of UK pension funds joining forces to support climate transition in emerging markets, and a net zero pledge from Clara-Pensions.
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NewsJust two-thirds of master trusts will deliver ‘moderate’ retiree outcomes
On the go: There is at least a 600 basis point difference in returns between the top and bottom-performing master trust providers due to a wide variety of approaches to default investment strategies, according to research by LCP.
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News60% of pension funds don’t expect to meet net zero goals
Sixty per cent of a group of large pension funds across North America, Europe and Australasia believe they will fail to achieve their net zero goals under current conditions, new research has revealed.
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NewsScottish Widows: Providers need to treat customers like human beings
Pension providers need to do more to satisfy customers along their complicated retirement journeys — otherwise the industry is at huge risk of being blamed for not doing enough, according to Cheryl Black, independent trustee on the Scottish Widows Master Trust.
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NewsTesco: 9 in 10 members seek trust and safety in an ESG strategy
Members want a responsible investment strategy to deliver growth, but they also want to have trust in their scheme and ensure their savings are safe, according to research on Tesco’s defined contribution scheme members.
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NewsNo AE reform, but Queen’s Speech measures spark protests
There was no mention of automatic enrolment reform in the Queen’s Speech, but bills around local boycotts, online safety and a revamped audit and reporting framework will all impact the industry, experts have said.
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NewsAuto-enrolment reform: If not now, when?
Five years ago, the Department for Work and Pensions issued a report with the aim of “maintaining the momentum” of automatic enrolment.
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NewsNest hires efficient portfolio manager
On the go: Master trust Nest has appointed a manager to help make its portfolio management more efficient through the use of derivative contracts.
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NewsMajority of women lower pension payments due to caring duties
On the go: Women are concerned about their pension provision after having to reduce or stop payments due to going part-time or taking a career break, according to research by Working Wise.
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NewsScheme costs ‘could increase’ under plans to promote illiquids in DC
The Department for Work and Pensions’ plans to promote investment in illiquid assets could end up increasing costs for members and raise the regulatory burden on schemes without improving retirement outcomes, consultants have warned.