All Defined contribution articles – Page 8
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NewsInnovation Interviews: Penny probes for lost pension pots
Fintech startup Penny’s head of pensions David Henderson explains how an app set up by two brothers has now helped reunite hundreds of users with more than £300m of ‘lost’ pensions.
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NewsProfessional trustee firms on hiring spree as demand surges
The number of professional trustee appointments has surged by 11% over the past 12 months, with firms intensively recruiting to meet the current demand and future growth expectations.
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NewsThird of workers seek to delay retirement over affordability
The number of people in full-time employment who believe they will never be able to afford to retire because of the impact of the rising cost of living is on the rise, according to new research.
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OpinionThe future of the Pension Scams Industry Group
After a decade of volunteer-led work on addressing scams in pensions, the Pension Scams Industry Group needs support and engagement in order to continue, writes its deputy chair Tommy Burns.
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NewsTrustees urge focus on pension adequacy after election
With Labour forecast to win as many as two-thirds of the available seats at the general election next month, trustees have called for the new government to focus on retirement income adequacy.
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NewsErrors ‘could cost DC members thousands’ in lost contributions
Data errors affecting defined contribution (DC) scheme members are becoming “increasingly commonplace” and could cost them thousands in lost payments, according to Hymans Robertson research.
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NewsLabour to mandate net-zero transition plans
Financial services organisations, including pension schemes, will be required to set out net zero transition strategies under plan put forward by the Labour Party.
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OpinionThe ‘lost pots’ issue is getting worse – it’s time to act
John Upton, policy analyst at the Pensions Policy Institute, is exploring and updating data on lost pots to help drive solutions to one of the industry’s biggest problems.
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NewsMercer to buy Cardano, NOW Pensions in major acquisition
Mercer has announced that it will purchase consultancy group Cardano including its £4bn master trust NOW Pensions.
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NewsTrustees ‘must be wary of cyber risks’ after BBC breach
Law firm Burges Salmon has urged pension scheme trustee boards to put cybersecurity high on their agendas following recent data breaches.
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NewsInnovation Interviews: Scottish Widows on gamification and pensions
In this edition of Pensions Expert’s interviews with Innovation Award winners, Scottish Widows’ Robert Cochran explains the impact of a simple app and how technology can help boost member engagement.
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OpinionAn end-of-term report on pension dashboards
Richard Smith, volunteer chair of the Pensions Dashboards Operators Coalition, marks up the government’s progress and looks ahead to what the new government will need to do to realise the full benefits of dashboards.
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NewsDC contributions exceed DB payments for first time
The biggest listed companies in the UK paid more into their defined contribution (DC) schemes in 2023 than into defined benefit (DB) schemes, new research has found.
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NewsVoters want pension reform, research shows
A member survey from TPT Retirement Solutions indicates that most pension savers want the next government to expand the scope of auto-enrolment.
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FeaturesCDC: Making progress towards a collective goal
This year may finally see the first collective defined contribution (CDC) pension go live in the UK, but doubts remain over how the structure could benefit the wider pension landscape.
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NewsUSS replaces Capita with Procentia as tech provider
The UK’s largest pension scheme has appointed a new technology platform to cater for its 528,000 members.
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OpinionPensions in 2035: Peering into the crystal ball
Barnett Waddingham’s Paul Leandro looks to the future in true Black Mirror style to speculate how the ‘pot for life’ model could reshape the pensions system in 10 years’ time.
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NewsImprove communication to boost trust, survey says
The pensions industry needs to focus on improving communications with savers and scheme members in order to build trust in the system, according to Trafalgar House.
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NewsAviva and Scottish Widows join dashboard operators group
The UK’s largest insurer, Aviva, is among the three new members of the Dashboard Operators Coalition, the industry group set up to work with government to deliver the pension dashboard programme.
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News‘We need a consensus’: Sir Stephen Timms calls for higher contributions
The chair of the Work and Pensions Select Committee has called for the government to set out a full plan for raising default auto-enrolment contributions to 12% over the next 10 years.