All Defined contribution articles – Page 69
-
News
Half of pension transfers trigger scam warnings
On the go: More than half of pension transfers carried out post-lockdown have flagged scam warnings, research from XPS Pensions has shown.
-
News
Timms: Change in law needed to combat scams
On the go: Work and Pensions Committee chair Stephen Timms has warned changes in the law will be needed in order to tackle the growing issue of pension scams.
-
News
Trustees on the hook for advice under new FCA guidance
On the go: Trustees have been warned that providing personalised illustrations to demonstrate the outcomes of a defined benefit pension transfer will be viewed as regulated advice under new guidance from the Financial Conduct Authority.
-
News
Pensions freedom age to increase from 55 to 57
On the go: The government has confirmed it will increase the age at which people can access their pension from 55 to 57 in 2028.
-
News
Master trusts to face cost challenges in years ahead
The fallout from the Covid-19 pandemic is only the latest in a long line of structural challenges the master trust industry must face in coming years, according to a new report from the Pensions Policy Institute.
-
OpinionBridging the advice gap, one nudge at a time
OpenMoney’s co-founder Anthony Morrow calls on to the pensions industry to change the perception of financial advice, as negative associations with the profession make it more difficult to close the advice gap.
-
OpinionTPR sets dangerous precedent with AE breathing space
The pandemic has prompted some jaw-dropping actions from both government and regulators.
-
News
Nest achieves tobacco-free goal ahead of schedule
On the go: Nest, the government-backed master trust, announced on Thursday that its investment portfolio is free of investments in tobacco companies.
-
News
One in 20 workers missing out on pension contributions
On the go: One in 20 employees are being short-changed by their employer and are not receiving the pension they are due, research has found.
-
News
Govt to force schemes to publish climate risk disclosures
On the go: The largest pension schemes will be legally required to assess and report on climate change risks within their investment portfolios under new government rules.
-
OpinionApplying the lessons of coronavirus to climate change
Kempen’s Nikesh Patel explains how current pension schemes’ longevity assumptions do not take into account climate change, which could have a drastic impact on the sector.
-
OpinionSchemes must prepare for a tsunami of admin requests
As a result of the Covid-19 crisis, a tsunami of redundancy, early retirement and divorce requests is facing trustees and administrators, who need to work together to manage additional workloads, points out Cosan’s Consulting Mark Webster.
-
News
Calls for government to clarify dashboard data standards
On the go: The government is facing growing calls to “come clean” about what data is required from pension schemes and providers for the pensions dashboard so that the industry can prepare properly, following conflicting reports.
-
OpinionMaster trusts hit by ‘perfect storm’
Data crunch: Dalriada’s Paul Tinslay explains how repercussions from Covid-19 and possible changes in legislation have created a “perfect storm” for defined contribution master trusts.
-
News
USS delays scheme valuation
On the go: The Universities Superannuation Scheme has been forced to delay its valuation by two weeks, due to the “urgent and difficult matters relating to A-level results and admissions”.
-
News
Call for govt to abolish flat fees in workplace pensions
On the go: LCP is calling for an end to flat monthly fees being charged on defined contribution pots, arguing they can be “detrimental” to low-paid and part-time workers, although the government has previously stated it is not considering a ban.
-
News
High Court to clarify if PPF can pay redress to scam victims
The High Court has been asked to clarify whether legislation that created the Fraud Compensation Fund, managed by the board of the Pension Protection Fund, could allow for compensation to victims of pension scams.
-
News
Widows switches into ESG fund as integration becomes standard
Scottish Widows has aligned a chunk of its pension portfolios with the transition to a low-carbon economy, as the integration of environmental, social and governance factors emerges as a competitive driver in the commercial defined contribution sector.
-
News
TPR conducts internal review after Norton case
On the go: The Pensions Regulator is conducting an internal review to identify if there are lessons to be learnt after the Norton Motorcycles debacle, a case that left members looking to recoup losses in excess of £14m.
-
OpinionPractising what you preach – ESG in DC
Data crunch: Broadridge’s Hal La Thangue examines the growing prominence of ESG in defined contribution, and reveals a concurrent increase in the wider principle of ‘doing good’ in pensions.