All Defined contribution articles – Page 41
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NewsPension savers prioritise returns over ‘investment big bang’
On the go: Less than a fifth of pension savers think that investing their pensions in companies or assets that would benefit their local area should be prioritised, new research has revealed.
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NewsClearGlass: Passive ESG funds provide value for money
On the go: Passive environmental, social and governance funds are cheaper and outperform their non-ESG equivalents, representing value for money, according to a study by ClearGlass Research.
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NewsPFA pushes for women’s football pension scheme
On the go: The Professional Footballers’ Association is campaigning for a new pension mechanism for women footballers, which would be similar to an arrangement for their male counterparts that is funded by a levy on transfer fees.
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NewsGovernment urged to allow Nest to offer drawdown
The government has been told to amend legislation to allow Nest members to drawdown their pension pot, as well as extending investment pathways to trust-based schemes — requests made as part of a response to its call for evidence on savers’ understanding of their pensions.
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NewsDB goliaths call for AVCs stronger nudge exemption
Seven defined benefit schemes with £217bn in assets have asked for Work and Pensions committee intervention due to concerns regarding ‘stronger nudge’ requirements, which they believe are not fit for purpose.
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NewsAE bill to allow introduction of new rules when ‘time is right’
On the go: A private members’ bill on auto-enrolment currently being discussed in parliament will set the ground work to introduce reforms “when the government feels that the time is right”, Conservative MP Richard Holden has said.
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NewsPensions engagement campaign to launch this autumn
On the go: The first iteration of a new pensions engagement campaign created by the Association of British Insurers and the Pensions and Lifetime Savings Association will run from September to November.
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NewsGovt equalises tax relief top-ups for net pay savers
On the go: The government has introduced legislation that will equalise the tax relief top-ups offered to low earners saving in net pay arrangements and those using relief at source schemes.
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NewsMaster trusts’ new illiquid investment rules to go ahead
On the go: The Department for Work and Pensions has made minor adjustments to proposals governing Nest’s ability to invest in government bonds, while maintaining the majority of its proposals controlling “employer-related investments” for master trusts, under a consultation aimed at channelling defined contribution money into illiquids.
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NewsIndustry slams govt proposal on dashboards lead time
Respondents to the Department for Work and Pensions’ dashboards consultation have argued that the timeline for making the initiative accessible to the public is too short.
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NewsGovernment backs dashboards bill against ‘rogue trustees’
On the go: Pensions minister Guy Opperman has confirmed the government’s support for a bill designed to stop trustees or managers from using a scheme’s assets to pay fines for breaches of pensions dashboards legislation.
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NewsNest appoints HarbourVest as second private equity manager
On the go: The £24bn National Employment Savings Trust has appointed HarbourVest Partners to handle its second private equity mandate.
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NewsMPs back tax return solution for self-employed retirement savings
The All-Party Parliamentary Group on Financial Resilience has thrown its weight behind using the tax system to help the self-employed save for retirement.
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NewsDWP announces £5mn mid-life MOT expansion
On the go: The Department for Work and Pensions has announced a £5mn expansion of the mid-life MOT initiative, but the project is considered to “barely touch the sides” by an industry expert.
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NewsOpperman to lead task force on ‘social factors’ in ESG
Pensions minister Guy Opperman has announced the creation of a task force to aid trustees with monitoring data and international reporting developments as they pertain to the “S” in environmental, social and governance considerations.
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PodcastsPodcast: Providers delaying transfers are failing their customers
Podcast: The Department for Work and Pensions has been clear about the intent of regulations governing transfers, and providers continuing to delay them are doing their members a disservice, argues PensionBee founder Romi Savova. She is joined by Penfold co-founder Pete Hykin to discuss the ongoing transfer fight, the fallout from pensions minister Guy Opperman’s resignation that wasn’t, and employers misunderstanding auto-enrolment.
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NewsDWP delays first dashboards staging dates by two months
The government has delayed its timetable for connecting the first two cohorts of pension schemes to the dashboards programme.
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NewsCost of living crisis makes AE expansion unwise
Expanding auto-enrolment during a cost of living crisis would significantly undermine retirement resilience, with low-income earners seeing their surplus income decrease by almost a quarter, according to a new report from Hargreaves Lansdown.
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NewsNest vows to improve gender and ethnicity pay gaps
On the go: Nest has outlined a path to closing the gender and ethnicity pay gaps following the release of two years’ worth of equality and inclusion data.
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NewsAlmost one in 10 cut contributions amid cost of living crisis
On the go: Almost one in 10 people (7 per cent) are planning to reduce their workplace pension contributions as the cost of living crisis continues to escalate, according to research from Barnett Waddingham.