All Defined contribution articles – Page 42
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NewsIFS: Retirement spending increases between ages 62 and 80
Individuals aged 62 to 80 and couples typically spend more in retirement, dispelling the assumption that spending decreases in later life, according to research by the Institute for Fiscal Studies.
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NewsFCA admits Brits were not well-protected against pension freedom risks
On the go: The Financial Conduct Authority has admitted that policymakers and regulators should have done more to protect consumers from risks that arose with the introduction of pension freedoms.
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FeaturesHow should schemes factor in members’ ESG concerns?
A pension fund’s fiduciary responsibilities and members’ environmental, social and governance concerns can go hand in hand, but education and communication are the keys to achieving it.
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NewsTUC urges govt action on ‘whopping’ gender pensions gap
The income gap between men and women in retirement has reached 38 per cent, more than twice the level of the gender pay gap, as women continue to be at a disadvantage in their later years.
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PodcastsPodcast: Partial AE reform should be prioritised before long-term fix
Podcast: The absence of auto-enrolment reform from the Queen’s speech means the government will be hard-pressed to meet its middle-of-the-decade deadline to achieve it. The priority should be getting the most important parts done as quickly as possible, and introducing the rest of the 2017 reform proposals enacted longer-term. Sackers partner Helen Ball and Mark Ormston, chair of the Industry Policy Committee at the Pensions Administration Standards Association, discuss auto-enrolment, online safety and the proposed value for money framework.
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NewsLifetime allowance punishes disciplined savers, PensionBee says
On the go: The lifetime allowance should be scrapped as it penalises disciplined savers, the chief executive of PensionBee has said.
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NewsAltmann: Pension providers prioritise fees over people
On the go: Pension providers pay too much attention to short-term fee income rather than long-term product solutions to the pensions gap, a former government pensions minister has warned.
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NewsMaps aware living squeeze could see savers dip into their pensions
On the go: The Money and Pensions Service has said it is “mindful” of the ongoing living cost crisis and the pressure it is placing on savers’ pension pots.
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NewsTimms lobbies for pensions inclusion in digital legislation
On the go: Work and Pensions Committee chair Stephen Timms has written to the minister of state for media, data and digital infrastructure calling for reassurance that the government will consider the issues of pensions advice and guidance as it updates its privacy and electronic communications legislation.
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NewsMajority of FTSE 100 execs overlook Opperman workplace savings appeal
Pensions minister Guy Opperman has said that more companies should offer payroll savings mechanisms to their employees.
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NewsCapita Pensions Solutions narrows 2020 losses with restatement
On the go: Capita Pensions Solutions has cut its 2020 pre-tax losses by £200,000 after revenues and costs from a 2017 contract were retrospectively recognised in its income statement.
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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.