All Defined contribution articles – Page 84
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News
Employers keep workers in the dark on pension freedoms
On the go: Some employers are still sticking their heads in the sand when it comes to pensions reforms. Only 59 per cent have alerted their employees to pension freedoms, according to the Employer Engagement Survey 2018 published by the Department for Work and Pensions in March 2019.
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News
TPR could face last-minute ‘tsunami’ of master trust applications
On the go: With just over three weeks left until the end of the authorisation window for master trusts, 13 applications have been received by the Pensions Regulator from the 90 master trusts in the market, meaning it could face a last-minute tsunami of applications, according to consultancy Hymans Robertson.
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News
SEI seeks master trust authorisation just weeks before the deadline
On the go: With just weeks to go before the final deadline of March 31, SEI is the latest trust to reveal that it has applied for authorisation of its SEI Master Trust.
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News
Record £10bn annuity sales boosts L&G profits
On the go: Legal & General’s 2018 results released on Wednesday showed a record £10bn annuity sales, as demand grew for both institutional risk transfer deals and individual annuities.
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Features
Metal Box members headed for master trust under DB closure plans
Members of the Metal Box Pension Scheme are set to move to a defined contribution master trust under company proposals to close the defined benefit scheme to future accrual and replace the current DC section.
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Opinion
Could thematic investment help engage DC members?
Data crunch: Thematic funds struck a chord with European investors last year, pulling in significant sums of money. To a large extent, their popularity can be attributed to the simple fact that they invest in accordance with themes that the general public understand and relate to. With this in mind, could thematic investment approaches improve defined contribution member engagement?
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News
LifeSight first master trust to gain TPR authorisation
On the go: Willis Towers Watson’s LifeSight is the first master trust to gain authorisation, the Pensions Regulator confirmed on Wednesday.
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News
Significant decrease in number of AE compliance notices issued
On the go: The number of auto-enrolment compliance notices issued by the Pensions Regulator reduced substantially during the final two quarters of 2018.
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News
Cardano agrees acquisition of Now Pensions
On the go: Pensions risk and investment management specialist Cardano has agreed to acquire 100 per cent of workplace pension provider Now Pensions from Danish pension fund Arbejdsmarkedets Tillaegspension.
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News
IGC reports are ‘vague’ and lacking information, says Labour MP
The effectiveness of independent governance committees has come under the spotlight in the Work & Pensions Committee’s hearing on pension costs and transparency inquiry, with the bodies blasted for lacking information.
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News
PASA looks to future of e-administration with scheme survey
The Pensions Administration Standards Association is calling on the pensions industry to open up about the quality of their administration and members' use of technology in a new survey.
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News
Communicating pensions to the next generation
There is a pensions crisis looming. How can the industry make people care about a problem that is 20 years away?
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News
Nest searches for a global corporate bond fund manager
On the go: Master trust Nest inviting tenders from fund managers to run an actively managed global investment grade corporate bond fund.
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News
Last-minute dash expected for master trust authorisation
On the go: Only eight master trusts have applied for authorisation with the Pensions Regulator, leading to expectations that there will be a last minute dash as the March 31 deadline looms.
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News
Court fines Mansoor Nasir £5,000 for workplace pension lies
One the go: Bradford-based accounts manager Mansoor Nasir, who tried to hide the fact that restaurants had not given their staff workplace pensions, has been fined £5,000.
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News
DWP consultation ramps up pressure on small schemes to consolidate
The Department for Work and Pensions is ramping up the pressure on small schemes to consolidate and to consider long term illiquid investments.
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News
JP Morgan takes minority equity stake in Smart Pension
On the go: JP Morgan, the American multinational investment bank and financial services company, has taken a minority equity stake in UK mastertrust Smart Pension.
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News
TPR confirms Now Pensions admin crisis largely over
On the go: The Pensions Regulator has confirmed today that Now Pensions has overhauled its administration system.
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News
Regulator reveals 45 per cent rise in dormant pots over 2018
The Pensions Regulator has uncovered a massive rise in the number of dormant defined contribution pots resulting from the introduction of auto-enrolment.
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NewsFCA investment pathway proposals welcomed, but concerns remain
The Financial Conduct Authority’s recent proposals on investment pathways have been widely welcomed, but questions remain over the suitability of ready-made drawdown solutions.