All Defined contribution articles – Page 79
-
News
Opperman to legislate for DC consolidation
On the go: The minister for pensions and financial inclusion has unveiled plans to force the consolidation of subscale defined contribution arrangements.
-
News
Chancellor launches probe into net pay anomaly
On the go: The government is launching a consultation to address an anomaly in the pensions tax relief system that sees low earners missing out on a 20 per cent boost on their pension contributions.
-
News
Maps refuses to give public dashboard launch date
On the go: The chair of the Money and Pensions Service has declined to give a launch date for the public pensions dashboard, since there are too many variables to be considered at this time.
-
OpinionAuto-enrolment can help solve care crisis
Auto-enrolment can play a decisive part in helping individuals save for later-life care, explains Penny Cogher, partner at Irwin Mitchell.
-
News
Aon’s merger with Willis Towers Watson to create $80bn giant
Aon and Willis Towers Watson have agreed on a merger, which will see the companies creating the UK’s largest pensions consulting firm and a worldwide insurance broker worth $80bn (£61bn).
-
News
MPs question TPR’s action on Norton pension schemes
On the go: The chair of the Work and Pensions select committee, Labour MP Stephen Timms, has written to the Pensions Regulator questioning its action over the case of Norton Motorcycles and the three pension schemes invested in the company.
-
News
Smart Pension to take on Welplan Pensions Master Trust
On the go: Welplan Pensions Master Trust is consolidating with Smart Pension, after a decision not to seek master trust authorisation.
-
PodcastsPodcast: Webb - Budget must deliver for doctors
Podcast: Former pensions minister Steve Webb argued that “it would be astonishing” if the March 11 Budget does not bring a solution to the issues caused by the tapered annual allowance for doctors and senior clinicians. Sir Steve, now partner at Lane Clark & Peacock, and Lydia Fearn, head of defined contribution and financial well-being at Redington, discuss, among other topics, the possible changes for pensions to be introduced by the chancellor.
-
News
General levy uplift to cost private schemes £4.9m in first year
Private sector pension schemes will see their general levy bill increase by £4.9m in 2020-21 as the government has confirmed a hike of 10 per cent to overcome a shortfall in funding in future years will go ahead.
-
News
Blue chips rush to offload DC pension plans to master trusts
More and more blue-chip employers are looking to transfer their defined contribution pension plans to the new breed of master trusts. The Vodafone UK DC Pension Plan is the latest to move all members’ accounts, amounting to £1.4bn, into LifeSight. The transaction is expected to be finalised by the end of March 2020.
-
News
Workplace pension numbers hit record high
On the go: The number of UK employees in workplace pension schemes reached a record high last year, but one provider giant has warned this is masking the millions still saving at “inadequate levels”.
-
Features
Fraud costs pensions £6bn every year
Data crunch: Almost a decade after a wave of pension liberation tax schemes hit the UK retirement sector, fraudulent activity is still having a detrimental impact on savers – costing schemes £6bn every year, according to the latest analysis.
-
OpinionThe biggest driver of change in DC
Data Crunch: Broadridge’s Jonathan Libre looks at recent changes in legislation in the defined contribution space and how these schemes have adapted to a fast-evolving world of requirements.
-
News
KPMG pensions spin-off targets industry modernisation
On the go: KPMG’s former pensions advisory business has relaunched as Isio following its sale to a private equity backer, with the new company looking to grow its consolidation offering and improve the industry’s use of technology.
-
News
Social care crisis: is auto-enrolment the answer?
Auto-enrolment-style contributions could hold the key to solving the UK’s growing social care crisis, according to the sponsors of a report into the funding shortfall for care in later life.
-
News
Auto-enrolment process creates 'employee underclass'
Three out of four pensions professionals say employers should be free to statutorily enrol any employee they wish, even if current auto-enrolment age and earnings criteria are not met.
-
News
Maps to survey schemes on dashboard challenges
On the go: The Money and Pensions Service has commissioned qualitative research to understand the challenges pension schemes face with providing data for the pensions dashboards.
-
News
DWP: Government will not dictate schemes’ ESG investments
The government insists it is not intervening in pension scheme investment strategies with a climate change amendment to the pension schemes bill introduced earlier this month.
-
News
DWP self-employed savings trials disappoint
On the go: A Department for Work and Pensions trial of techniques to encourage more self-employed workers to save into a pension pot has failed to persuade many to log into their accounts.
-
News
Cracknell: Industry fails to explain ‘how’ savers can make changes
Michelle Cracknell on her new role at Just Group after a five-year stint leading the Pensions Advisory Service.