All Defined contribution articles – Page 6
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OpinionIs the UK pensions industry doing the right thing the wrong way?
David Whitehair, chair of the Defined Contribution Investment Forum, argues against mandation of asset allocations and instead calls for investible assets and better governance.
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NewsIFS recommends state pension and auto-enrolment changes to boost adequacy
Recommendations from the IFS’s two-and-a-half-year research project could boost private savings by £11bn a year and help improve pension outcomes, the institute says.
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NewsPLSA rebrands to Pensions UK as part of fresh five-year strategy
The pensions industry’s trade body has rebranded itself as Pensions UK following a detailed review of its strategy, and set out a plan to expand its reach and influence over the next five years.
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NewsOne-size-fits-all retirement ‘no longer enough’, research suggests
Two thirds of pension savers polled by YouGov want greater flexibility when accessing their retirement savings.
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NewsMansion House Accord to drive growth in LTAF demand and supply, poll suggests
Three in five asset managers are exploring launching long-term asset funds as momentum grows for defined contribution pension schemes to invest in private markets.
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FeaturesFCA’s ‘targeted support’ plans could help trustees close advice gap
With trust-based schemes explicitly in scope, the FCA’s proposals on “targeted support” for non-advised savers could offer pension scheme trustees a fresh opportunity to support disengaged members, reports Sara Benwell.
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NewsIncrease in pension contributions would create tough times for small businesses
The Federation of Small Businesses has called for a full economic assessment before any increases to minimum contribution rates.
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NewsAnnuity rates reach highest point of the decade
Average annuity rates reached 7.72% in March – a 10% year on year improvement
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NewsPensions adequacy hangs in the balance
Hargreaves Lansdown worked with Oxford Economics to assess how pension adequacy is currently measured and how each measure works for different groups.
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NewsWomen’s trust in pensions falters as pay and participation gaps persist
New research reveals a sharp gender divide in trust in the pensions system, as experts warn that lower pay, career breaks and patchy pension access continue to erode women’s confidence in retirement.
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NewsNatWest Cushon hires three to investment team as it eyes ‘rapid growth’
The £3bn master trust provider has hired three senior staff to its investment team as it aims to grow its business in line with the government’s ‘megafunds’ plan.
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NewsGovernment urged to strengthen low-earner protections in Pension Schemes Bill
The Pension Schemes Bill could improve retirement outcomes for low earners, but a new report warns the legislation must be strengthened to deliver on its promise.
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OpinionThe Friday Takeaway: Retirement riddles and toddlers’ trousers
This week brought news of post-retirement offerings from two major master trusts, as the industry attempts to solve a particularly vexing problem. Pensions Expert’s Nick Reeve, meanwhile, is worrying about trousers.
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In DepthNest to tap into bulk annuity market to support post-retirement proposition
The UK’s largest defined contribution master trust has set out its post-retirement model, which will include flexible drawdown and a novel use of the bulk annuity market.
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NewsTPT unveils ‘groundbreaking’ retirement income offering
The announcement comes after the government published plans for default post-retirement offerings in the Pension Schemes Bill last week.
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FeaturesAdequacy is top of the industry’s agenda after Pension Schemes Bill published
As the dust settles following the publication of the Pensions Investment Review final report and the release of the Pension Schemes Bill, the industry’s focus has immediately turned to adequacy.
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NewsEmployers risk fines amid struggle to comply with auto-enrolment
Businesses risk non-compliance and fines after research found that just over half of employers are confident their pension scheme complies with automatic enrolment regulations.
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OpinionThe Friday Takeaway: Reviews, roadmaps, deadlines and bills
The government’s reform agenda will take a long time to implement, as it set out this week. But for some - most notably the LGPS - the timeframes are not so long, as Pensions Expert’s editor Nick Reeve points out.
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FeaturesThe devil in the detail: What is the government’s investment backstop power?
The government has included a controversial ‘backstop’ power in the Pension Schemes Bill to allow it to mandate specific asset allocations - but the pensions minister is adamant that there is no intention to use it.
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FeaturesThe pensions industry reacts to the ‘blockbuster’ Pension Schemes Bill
Pensions Expert rounds up views from experts across the industry as the government introduces its much-anticipated Pension Schemes Bill to parliament.