All Defined contribution articles – Page 52
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NewsAviva apologises after sending pension transfer email in error
On the go: Aviva has apologised to financial advisers and their clients after it sent an email in error about an “impending pension transfer”.
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NewsMadeline Forrester appointed PPI chair of council
On the go: The Pensions Policy Institute has appointed Madeline Forrester as its new chair of council.
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NewsThe People’s Pension slams single flat charge proposal
Savers could lose thousands of pounds from their pension pots if the government proceeds with its expected plan to introduce a single flat charge for workplace pensions, according to one master trust.
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NewsSurvey finds ‘overall lack of trust’ in the pensions industry
On the go: Last year saw a small rise in members’ trust in pensions, but almost a third (31.5 per cent) still have “no or very little trust” in the industry, according to a Trafalgar House survey.
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News‘Historical’ risk transfer volumes to continue in 2022
On the go: Risk transfer momentum is on the rise, driven by strong investment return, market activity, asset availability and the number of large pension plans coming to the market, new research has shown.
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NewsGovt keeps AE earnings trigger despite calls to scrap it
On the go: The government has opted to keep the earnings trigger for auto-enrolment at £10,000 for 2022-23, despite some in the industry calling for it to be scrapped to bring in more low earners.
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NewsThe metrics of a sustainable future
As the pivot towards net zero intensifies, the need for schemes to assess sustainable investment opportunities through data and metrics is rapidly growing in importance.
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OpinionGetting the under-30s ready for retirement
Penfold’s co-founder Chris Eastwood explains how young people can be enticed to start saving into a pension by using technology and offering a system that allows for stop-start savers.
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NewsNearly half of savers in the dark when switching pension providers
On the go: More than four in 10 pension holders surveyed by B&CE said they would not know what to look for when switching pension providers.
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NewsPLSA urges ‘levelling up’ of employer contributions to 5 per cent
On the go: The Pensions and Lifetime Savings Association has called for an increase in employer contributions and an extension of auto-enrolment over the next decade, as part of a submission to the Work and Pensions Select Committee.
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NewsGovernment sets 5% target for LGPS investment in local areas
On the go: Local Government Pension Scheme funds have been asked by the government to set out plans for investing up to 5 per cent of their assets in projects that support local areas, according to the new ‘Levelling up’ white paper.
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NewsNow Pensions calls for AE earnings trigger to be scrapped
On the go: Workplace pension provider Now Pensions has called for an urgent policy change to remove the auto-enrolment earnings trigger to bring more people into pension saving.
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NewsAlternative assets could give DC higher returns with no extra risk
Alternative assets could present defined contribution schemes with a means to increase value for members without taking on any extra risk, according to a new report from the Pensions Policy Institute.
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NewsThink tank warns old DC schemes can erode member benefits
On the go: Members could be suffering poor value for money and seeing their benefits erode by not moving their pensions out of old defined contribution pots, the Institute for Fiscal Studies has warned.
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NewsHow pension schemes can help the UK meet its sustainability goals
Tackling climate change is high on the agenda for pension scheme trustees, and with COP26 only recent history, taking action has never felt more pressing. However, trustees must be careful to balance this with generating investment returns.
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NewsGovt proposes ‘find and view’ dashboards amid public sector delay
The government will be moving forward with the ‘find and view’ functionality on pensions dashboards from launch day, despite industry concerns about the size of the task ahead, while it acknowledged that public sector schemes will only be onboarded in 2024 due to the “considerable work” caused by the McCloud remedy.
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NewsOmbudsman cracks down on trustees with new anti-scam unit
The Pensions Ombudsman has launched a new specialist team dedicated to investigate breaches of trust, and allegations of dishonest and fraudulent behaviour by pension scheme trustees.
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NewsDC market consolidates by nearly 40% in a decade
On the go: The defined contribution market has shrunk by almost 40 per cent over the past 10 years, according to data published by the Pensions Regulator.
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NewsOpperman declines to give timetable for auto-enrolment expansion
Industry experts have expressed disappointment at the lack of a timetable for expanding auto-enrolment, following a debate on the topic in Westminster Hall.
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NewsStrong start is key to dashboards success, study finds
On the go: The pensions dashboards initiative needs to hit the ground running and offer a comprehensive ‘find and view’ service from its point of launch in order to maximise its chances of success, according to Ipsos Mori research.