All Defined contribution articles – Page 86
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News
ACA backs further AE reforms despite small employer opt-outs
Smaller employers expect a rise in the number of staff opting out of their auto-enrolment pension as minimum contribution rises bite, research has shown.
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News
Uber loses appeal over driver employment rights
On the go: Judges have dismissed an appeal against a ruling that Uber’s drivers should be treated as workers rather than as self-employed.
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News
Savers unfazed by AE contribution rises
Auto-enrolment savers have proved indifferent to a rise in their contribution rates imposed earlier this year, according to research, but the government remains unconvinced by the case for using inertia to tackle low self-employed saving rates.
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OpinionHow is UK schemes’ appetite for private market assets changing?
While private market investments that deliver protection, yield and diversification should continue to be attractive to schemes in 2019, implementation choices will be key to ensuring that outcomes for investors live up to expectations, according to bfinance’s Peter Hobbs and Sam Gervaise-Jones.
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Features
How can we get the ‘squeezed middle’ saving more for retirement?
Analysis: Research has shown that 35 to 49-year-olds are worried they are not saving enough for retirement, with many facing several financial challenges. So, what can be done to help this ‘squeezed middle’ group of workers put more towards a pension?
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News
TPR warns trustees to check scheme status or fall foul of the law
On the go: Trustees of some pension schemes may be in the dark over their status, potentially leading them to fall foul of master trust legislation that could close their scheme.
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News
FCA examines barriers to investing in patient capital
Experts have welcomed a recently published Financial Conduct Authority consultation, which seeks to address barriers the watchdog's rules may present to investment in patient capital, but concerns remain over the suitability of this type of investment for defined contribution schemes.
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OpinionDC governance: How to ensure your scheme is on the right track
When it comes to ensuring good governance, few things are more important than the process applied to the default investment strategy, says AllianceBernstein’s David Hutchins.
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OpinionWill DC pensions be the next big litigation target in the UK?
A lack of engaged and educated savers in defined contribution means pension money is ‘sticky’ for providers. Redington’s Natalie Flood raises the prospect that where fiduciaries do not tackle legacy issues on behalf of their members, they could open themselves up to a backlash.
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News
Workers fear schemes will not deliver on their promises
On the go: People’s trust in pension systems remaining low is one of the findings of the OECD’s recently published Pensions Outlook 2018.
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NewsM&B switches to drawdown and moves deferreds to master trust
The Mitchells & Butlers pension scheme has updated its defined contribution default strategy to target drawdown purchase, directing members to a master trust for retirement provision.
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News
PMI report predicts just 20 master trusts in five years’ time
On the go: There will be no more than 20 master trusts in five years’ time, according to in an influential report from the Pensions Management Institute, which predicts the new master trust authorisation regime will lead to widespread consolidation and collaboration.
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News
DWP maintains £10,000 earnings threshold for 2019-2020
On the go: The Department for Work and Pensions has announced that the earnings threshold for auto-enrolment into a workplace pension is to be frozen at £10,000 for 2019-2020.
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OpinionMaking the right decisions
Editorial: Guidance can help savers make the right decisions, but not enough people are taking it.
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News
Govt and scheme decision-makers told to tread with caution on CDC
Collective defined contribution schemes could produce a higher and more certain retirement income than individual DC schemes, but there are also many potential issues to consider, including intergenerational unfairness and governance problems, the Pensions Policy Institute has highlighted.
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NewsOnly one in 100 members wants paper comms, finds BAA scheme
The BAA Pension Scheme’s digital push on communications has led to virtually the entire membership opting to switch to electronic information.
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Features
Should there be an industry-wide methodology for measuring value?
An agreed definition of value for money may help schemes measure value, but it is more important that trustees understand what they are buying and why.
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Features
Could co-sourcing be the answer to rising pensions admin woes?
Analysis: Uncertainty is an overused word in the pensions landscape, yet it is particularly appropriate when we speak of administration, which is teetering on the brink of crisis.
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News
Customers satisfied with Pension Wise, but take-up concerns remain
Nine in 10 customers who have had a Pension Wise appointment are satisfied with their experience of the service overall, a recent report has shown, but concerns remain over the take-up of the government-backed guidance service.
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OpinionWhy would anyone set up a trust-based scheme today?
Secondsight’s Matthew Mitten explains the shift from trust-based to contract-based defined contribution schemes, arguing that individuals should be encouraged to engage with their pension through innovative workplace education rather than relying on a board of trustees to make decisions on behalf of the masses.