All Defined contribution articles – Page 46
-
PodcastsPodcast: Spring Statement - Missed opportunity to support savers
Podcast: A light Spring Statement on pension topics meant that important issues such as financial education and support for institutional investors are still missing from the government’s agenda, argued Callum Stewart, head of defined contribution investment at Hymans Robertson, and Charlotte O’Leary, chief executive and executive director at Pensions for Purpose.
-
NewsPensions allowance tax charges hit record highs
On the go: The number of savers breaching annual and lifetime allowance limits reached new records in 2019-20, according to figures from HM Revenue & Customs.
-
NewsIndustry split on auto-enrolment reform timetable
On the go: Experts are split on whether increasing auto-enrolment contributions to 12 per cent can be achieved by the end of the decade.
-
NewsWhat the Spring Statement means for pensions
The biggest rabbit to emerge from chancellor Rishi Sunak’s hat at this year’s Spring Statement was arguably his commitment to lowering the basic income tax rate from 20 per cent to 19 per cent from April 2024.
-
NewsActuaries call on govt to improve guidance and advice take-up
On the go: The Institute and Faculty of Actuaries is calling on the government and the pensions industry to improve guidance and financial advice take-up.
-
NewsDisinvesting on ESG grounds ‘often’ discussed at trustee meetings
Trustees regularly discuss divesting on ESG grounds at meetings as part of wider debates on environmental, social and governance factors. However, complexity means discussion does not always lead to action.
-
NewsHealth research charity closes DB schemes to future accrual
On the go: The Wellcome Trust decided to close its two defined benefit pension schemes to future contributions.
-
News‘Build back better’ hits wall as trustees report trouble aligning
On the go: Trustees and investment managers are struggling to bring their investment strategies into line with the government’s ‘build back better’ initiative, citing a lack of opportunities and long-term planning.
-
NewsPension schemes to tackle deforestation in climate push
Pension schemes in the UK will be expected to do more to tackle deforestation as part of the government’s climate policies, pensions minister Guy Opperman has warned.
-
NewsFour in 10 DC schemes are looking to consolidate
On the go: Forty-three per cent of defined contribution pension schemes aim to consolidate within the next few years, according to new research.
-
NewsAnti-scam rules result in 500 safeguarding interviews to date
On the go: Nearly 500 people have so far completed a pensions safeguarding guidance interview since new anti-scam rules were introduced at the end of November 2021.
-
NewsTeachers accept GDST pensions offer but union remains concerned
Further industrial action at the Girls’ Day School Trust has been averted after teachers accepted an updated pensions and pay offer from the trust, though the National Education Union has refused to endorse it.
-
NewsPensions industry fires back at Opperman criticism
Stalwarts of the pensions world have responded to pensions minister Guy Opperman’s suggestion that the industry lacks long-term vision.
-
NewsTextiles business ordered to pay missing pension contributions
On the go: Bolton Textiles Group has been told by the Pensions Ombudsman to make up for an employee’s missing pension contributions, as well as paying £1,000 for the distress it has caused her.
-
NewsUSS discourages use of alternative benefits modellers
On the go: The Universities Superannuation Scheme has discouraged members from using alternative benefits modellers to work out how they will fare following the conclusion of the scheme’s 2020 valuation, warning that they operate on very different assumptions to those agreed by employers and the trustee.
-
NewsEngagement essential for schemes to turn the tide on plastic waste
The role pension schemes play in overcoming plastic pollution is multifaceted, and communicating it with members only adds another layer of complexity, experts warn.
-
NewsParliamentary fund heeds Sunak’s warning over Russia
On the go: The Parliamentary Contributory Pension Fund has ordered its fund managers to divest from Russian assets where possible, after uncovering a small amount of direct Russian holdings.
-
NewsStaffordshire University staff to walk out over pension reform
On the go: Staff at Staffordshire University are set to walk out over plans to hire new staff through a subsidiary company, meaning they will not be given access to a defined benefit pension.
-
NewsIndustry anger as new FCF levy goes ahead costing MTs £130mn
The government is to press ahead with an increase to the Fraud Compensation Fund levy, which will see master trusts brunt the majority of the costs paying an extra £130mn over the next nine years, despite their members being the least likely to benefit from it, experts have warned.
-
NewsEvri couriers to be auto-enrolled into pension scheme
Twenty-thousand couriers for Evri, the delivery company that rebranded itself this month from Hermes, will be automatically enrolled into a pension by the end of 2022 after it reached an agreement with the GMB union.