All Defined contribution articles – Page 48
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NewsDWP begins engagement over multi-employer CDC schemes
Pensions minister Guy Opperman has confirmed that preliminary work has begun on the creation of multi-employer collective defined contribution schemes, as the Department for Work and Pensions publishes its response to the consultation on single-employer arrangements.
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NewsNest Insight trials new self-employed savings pilots
On the go: Master trust Nest’s research arm will be taking part in two pilots, which will test new forms of flexible saving for self-employed individuals.
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News‘Transitory’ inflation soars to 10-year high, with more pain to come
Inflation soared to a 10-year high of 5.1 per cent in the year to November 2021, and those who once argued that the inflationary trend would be transitory are now warning that the worst is yet to come.
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NewsNest to break even in 2024 and eyes loan repayment by 2038
On the go: Master trust Nest is expected to break even in 2024, two years ahead of previous forecasts, and anticipates it will repay the loan from the UK government by December 2038, according to its latest annual report.
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NewsPLSA calls for ‘major review’ of Fraud Compensation Fund
On the go: The Pensions and Lifetime Savings Association has called for a “major review” of the Fraud Compensation Fund, branding the current arrangement “not fit for purpose”.
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NewsRegulators’ value for money paper branded ‘utopian’ by SPP
On the go: The Society of Pension Professionals has criticised the “utopian” value for money discussion paper published by the Pensions Regulator and the Financial Conduct Authority, arguing that there is “no practical way” of achieving the goals set out.
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NewsIndustry concerns remain over anti-scam transfer restrictions
Almost half of schemes have more work to do to comply with new anti-scams transfer guidance, while nearly 10 per cent have “lots of work” to do, an XPS Pensions Group webinar has heard.
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NewsOpperman urges asset managers to increase stewardship practices
The minister for pensions and financial inclusion has written to 44 asset managers urging them to comply with recent stewardship recommendations, which would allow schemes to have a more active voice in these matters.
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NewsAgeing a bigger problem for pensions than Covid-19
The impacts of the Covid-19 pandemic on pensions could be relatively short-lived should the global economy continue to recover, but an ageing population presents long-term challenges with no simple solutions, according to a new report from the OECD.
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News300,000 women no longer able to participate in workplace pensions
On the go: The pandemic has impacted women’s ability to save, with 300,000 women no longer able to participate in a workplace pension, new research has found.
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NewsPASA launches dashboards data-matching guidance
On the go: The Pensions Administration and Standards Association has published guidance detailing how schemes must compare ‘find requests’ from pensions dashboard users against member records, with data quality determining the choice of approach taken.
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NewsDC schemes could allocate almost half of assets to illiquids
On the go: Defined contribution schemes could allocate up to 40 per cent of assets to illiquids for younger members to help improve their outcomes, according to new research from Hymans Robertson.
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NewsFifth of businesses are interested in CDC schemes
On the go: More than a fifth of businesses are interested in setting up a collective defined contribution scheme for their employees, according to new research from the Association of Consulting Actuaries.
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NewsBrendan McCafferty appointed as Nest chair
On the go: Pensions minister Guy Opperman has announced that Brendan McCafferty has been appointed as chair of the National Employment Savings Trust for a five-year term.
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NewsEstate agents sue Purplebricks over pay and pensions
On the go: Campaign group Contractors for Justice is to take legal action against online estate agent Purplebricks in a move reminiscent of gig workers’ bid to win holiday pay and pension rights.
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NewsMillennials favour sustainable pension investments
On the go: Six in 10 millennials (60 per cent) want their pension investments to be both environmentally and socially sustainable, research from Cushon has found.
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NewsProviders to book pensions guidance sessions from June
On the go: Savers will be offered Pension Wise appointments if they want to access their defined contribution pensions from June 2022.
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NewsStraightforward messages more likely to engage savers than ESG
On the go: Straightforward pension communications, rather than those discussing environmental, social and governance topics, are better at engaging savers who have never logged into their pension account, new research has found.
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NewsGovt to remove performance fees from DC charge cap
The Department for Work and Pensions has launched a consultation that will seek out policy proposals to exclude investment performance fees from the defined contribution charge cap.
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NewsUnion slammed as ‘at odds with reality’ as USS strike action begins
On the go: Employers have once again hit out at the University and College Union over strike action set to commence on Wednesday.