All Defined contribution articles – Page 7
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OpinionHow can pension providers align decumulation with member outcomes?
Kirsty Ross of People’s Partnership looks at the government’s proposal for pension schemes to offer default decumulation services, and how these might best be designed.
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OpinionThe Friday Takeaway: The importance of understanding vulnerability
There are many different kinds of vulnerability affecting pension savers, as Pensions Expert editor Nick Reeve discovered on a recent trip to Edinburgh.
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VideosVideo: Sophia Singleton on pension reforms, adequacy, and inclusion
Having recently passed the halfway mark in her presidency of the Society of Pension Professionals, Sophia Singleton looks back on a busy initial period and ahead to the challenges and opportunities facing the pensions sector.
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NewsSPP highlights pensions industry apprenticeships as A-level results land
As school students across England, Wales and Northern Ireland receive their A-level results, the Society of Pension Professionals has highlighted a range of apprenticeships offered across the retirement industry.
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NewsLifeSight adds £450m renewables investment to default strategy
WTW’s defined contribution master trust has allocated to the Schroders Greencoat Global Renewables+ long-term asset fund.
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NewsTPR: Trustees’ role in improving retirement support and adequacy
The regulator wants trustees to improve signposting of support services such as Pension Wise and MoneyHelper in “core communications”, after recent research showed a lack of awareness among savers.
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NewsSEI completes administration switch to XPS for master trust members
All 207,000 members of the £4bn SEI Master Trust have been transferred to its new administration provider.
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OpinionThe crucial role of trustees as HMRC delays tax relief top-up payments
Trustees, especially member-nominated trustees, will be crucial in communicating the effects of a recent government decision on tax relief top-up payments, writes Kate Upcraft of the Association of Member Nominated Trustees.
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People NewsEx-Royal Mail pension boss joins SEI master trust
Chris Hogg was most recently chief executive at the National Grid UK Pension Scheme, where he oversaw significant governance changes and a derisking programme.
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NewsEverton FC wins Living Pension accreditation
Everton is the first Premier League football club to be awarded Living Pension accreditation, which reflects high employer contributions and minimum annual savings targets.
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FeaturesDC adequacy is ‘number one challenge for the decade ahead’ around the world
The Thinking Ahead Institute’s latest peer study warns that low contributions, cautious defaults and poor decumulation design are leaving members exposed – with income adequacy expected to take decades to resolve.
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NewsOnly half of baby boomers are retirement ready, research shows
Middle-income workers approaching retirement are most at risk of falling short of their pension income goals, according to new research from Vanguard.
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NewsPensionBee launches petition for 10-day switch guarantee to end ‘pension purgatory’
Research from the pension consolidator has found that two-thirds of customers believe slow transfers can inhibit retirement planning.
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NewsStop tweaking and start transforming pensions, says tech provider
UK policymakers must rethink the meaning of pension adequacy and use established solutions as benchmarks to deliver better retirement outcomes, according to Festina Finance, a European pension administration technology provider.
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NewsSmart invests in renewable energy strategy as part of private markets push
The £330m move will see the master trust support innovative companies like Kensa, which manufactures ground source heat pump technology.
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OpinionUnlocking value through diversification, decumulation and infrastructure
Mobius’s Hugh Cutler explores how the defined contribution landscape has changed – and what pension schemes and providers must do to keep ahead of the curve.
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NewsPension funds bring in Australian ratings firm to support value for money work
SuperRatings – which assesses Australian superannuation funds – attended an industry event to help UK pension funds and regulators develop this country’s value for money regime.
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OpinionTackling ethnic disparities in pension participation through inclusive scheme design
Qamar Shazad and Adam Hayes of the Institute and Faculty of Actuaries call for policy changes to improve pension coverage for minorities.
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OpinionIFS: Three key recommendations for the Pensions Commission to consider
With the Pensions Commission relaunched this week, the Institute for Fiscal Studies’ Jonathan Cribb outlines three focus areas from the institute’s recent two-year pension system study.
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NewsAviva launches ‘guided retirement’ offering for master trust members
Aviva is the latest company to introduce a flexible retirement product, with the Pension Schemes Bill requiring providers to offer default pension income solutions.