All Defined contribution articles – Page 66
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News
Now Pensions members’ data leaked by service partner
On the go: Master trust Now Pensions has confirmed that some of its members have had their personal data shared online by a service partner.
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OpinionValue for money: Is 60:40 really good enough for Generation DC?
Pensions regulators rightly stress the primacy of value for money and good governance in defined contribution pensions. But while the primacy of low cost endures, cheap investment solutions’ recent performance masks a real risk to outcomes, says AllianceBernstein’s David Hutchins.
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News
Small pots report recommends member exchange trials
The pensions industry should begin work to facilitate mass exchanges of sub-scale defined contribution accounts, according to a government-commissioned working group looking to address the problem of small pots.
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News
Schemes call for extension of regulatory easements
On the go: The majority of pension schemes have said that Covid-19 is not having a detrimental effect on their day-to-day operations, but have called for an extension of regulatory easements, according to new research.
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NewsDB schemes to face 120% rise in general levy with new govt proposals
Defined benefit schemes face a 120 per cent general levy increase by 2024 proposed in a new consultation launched on Wednesday, while master trusts will be granted a different rate.
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News
Govt floats new general levy for master trusts but mulls 100% hikes
On the go: A government consultation has warned that the general levy on schemes used to fund the Pensions Regulator will need to rise steadily to reverse a widening deficit, but floated a fairer methodology for master trusts.
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OpinionStrength in numbers: How to keep scheme members engaged with ESG
Aviva’s Laura Stewart-Smith explains how providers and pension schemes can keep members aware and engaged with environmental, social and governance investing.
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NewsSchemes to decide on dashboard data verification levels
Pension schemes and providers will be able to set up their own standards for individual data verification, which could lead to missing information on dashboards if pension funds opt for a risk-averse position.
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News
BBC Pension Scheme agrees £3bn longevity swap
On the go: The BBC Pension Scheme has completed a longevity swap with Zurich and Canada Life Reinsurance covering more than £3bn of pensioner liabilities.
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NewsMore work needed to make ESG meaningful
Scarcely a week passes without an announcement of a new environmental, social and governance-oriented venture. But experts warn more needs to be done if onlookers are to be confident that words have meaning.
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News
Nest converts EM to climate-aware and doubles allocation
On the go: Master trust Nest is to double its allocation to emerging market equities across its retirement date funds, while adding a climate-aware tilt to the strategy.
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News
Employers give cautious backing to Nest's sidecar project
On the go: Businesses trialling Nest Insight’s sidecar savings project say it can provide a boost to financial wellbeing, but caution that questions of inertia and affordability need to be overcome.
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News
OECD: Pension systems facing increased challenges after Covid-19
On the go: The pandemic-led economic crisis has compounded the challenges faced by pension systems in different countries, while also bringing new problems for governments to deal with, a new report has found.
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NewsWeekly roundup: It’s not easy being Green
Welcome to Pensions Expert’s roundup of a week in which we bade farewell to a few of the high street’s better-known names, and the Pension Protection Fund brightened everyone’s mood with its new doomsday scenario.
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News
Alternative strategies could wipe out UK’s £190bn DB deficit
On the go: Alternative approaches to scheme funding and investments could eliminate the UK’s current £190bn defined benefit pension deficit, according to new analysis by PwC.
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FeaturesRaging torrent of DB equity outflows decelerates in 2020
Data crunch: Equity outflows from UK defined benefit schemes have gradually softened this year, which could be a sign that trustees are seeing greater value in equity investing longer term, writes Broadridge’s Hal La Thangue.
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News
Simplifying language can increase pensions engagement
On the go: Almost half of savers do not know they can choose how much money they pay into their pensions, while a third misunderstand the purpose of auto-enrolment minimum caps, a new report has revealed.
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News
Phoenix launches new ESG default solution
On the go: The UK’s largest long-term savings and retirement business has announced the launch of a new defined contribution default solution incorporating environmental, social and governance standards.
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News
Cyber security awareness lags as attacks jump threefold
On the go: A third of respondents to a poll by the Pensions and Lifetime Savings Association confessed they did not know their organisation’s cyber security plans, despite cyber crimes surging by 86 per cent in a single quarter this year.
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News
Master trusts warn cost concerns overshadowing investment quality
Data crunch: Master trust providers are concerned that their clients excessively focus on cost to the detriment of investment propositions, according to a report by the Defined Contribution Investment Forum.