All Defined contribution articles – Page 89
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Features
Visa scheme cuts lifestyles and introduces white-labelling
Trustees of the defined contribution Visa Europe Pension Plan have reduced the number of lifestyle strategies on offer and introduced white-labelled funds for the first time, one of which invests in direct and listed property.
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OpinionIGC reports need to tell it like it is on value for money
Regulators are making welcome changes to the expectations of independent governance committees and the chair statements they publish, writes AgeWage’s Henry Tapper, but a more fundamental shift towards straight-talking is required to get members interested in reading them.
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News
Pearson encourages AE members to switch sections for better outcomes
The Pearson Pension Plan is encouraging members of its auto-enrolment section to switch to its money purchase section, where it says they will be able to pay in lower contributions but save more.
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News
Government urged to force matching of voluntary contributions
The government should force employers to match voluntary pension contributions made above auto-enrolment minimums, according to investment platform Hargreaves Lansdown.
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News
TPR warns on chair's statements after master trust fines upheld
On the go: Fines issued by the Pensions Regulator against two master trusts have been upheld by courts, as the watchdog warned providers to ensure their chair's statements comply with the law.
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News
BlueSky and Crystal master trusts gain authorisation
On the go: Two more master trusts have gained authorisation from the Pensions Regulator, bringing the total approved schemes in the sector to five.
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OpinionIn pensions as in Brexit, it pays to plan for the worst
Editorial: The government would not be expected to flirt with the prospect of not achieving a Brexit deal without prior contingency planning. It is time for pension fund trustees to think carefully about what they would do if their sponsor goes under.
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News
Tax regime ripe for reform says AJ Bell as 12,000 lose LTA protection
On the go: Over 12,000 pension savers have breached lifetime allowance ‘protections’ in the past 12 years, leaving them to face tax bills running into hundreds of thousands of pounds.
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News
ONS: Three in four people now members of a workplace pension
On the go: Since the introduction of auto-enrolment in 2012, the proportion of UK employees enrolled in a workplace pension has soared from 47 per cent to 76 per cent in 2018, according to research published today by the Office for National Statistics.
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News
New pensions service calls for stakeholder views on financial wellbeing
On the go: The Money and Pensions Service will be carrying out a number of events across the UK between now and June, enabling stakeholders to discuss what is needed to boost financial wellbeing in local communities and across the country.
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News
Workers unaware of auto-enrolment contribution hike
On the go: More than a quarter of workers are unaware of automatic enrolment increases taking effect from Saturday, according to Aviva research.
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News
L&G legacy pension members face higher charges, finds IGC
On the go: In its fourth annual report, Legal & General's independent governance committee gave the company an overall high score, but flagged up steep charges on legacy pension products.
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News
‘Large casualties’ expected as master trust authorisation window closes
On the go: Thirty master trusts have applied for authorisation to the Pensions Regulator by the closing date for applications of March 31. A further 10 schemes have been granted an extension and are expected to file an application in the coming weeks.
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News
Pension professionals distrust consolidation, finds PMI poll
On the go: A significant minority of pensions professionals are distrustful of both defined contribution and defined benefit consolidation, according to a poll from the Pensions Management Institute.
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OpinionRisk management should not just focus on assets
Data Crunch: Performance numbers alone do not give an accurate picture of the health of a scheme, as the impact of the Brexit vote shows. Broadridge’s Jonathan Libre demonstrates the value of integrated risk management.
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OpinionAuthorisation will help make Britain 'best country in world to grow old'
Automatic enrolment has been revolutionary. The numbers speak for themselves, with more than 10m people brought into workplace pensions saving thanks to this pioneering policy since 2012.
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News
Life expectancy in London boroughs varies by 20%
On the go: There are huge differences in life expectancy in the UK, even across neighbouring postcodes, data specialist CACI has found.
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PodcastsPodcast: How to select the right master trust
Podcast: Master trusts have until the end of March to complete their applications to the Pensions Regulator for authorisation. In this PE podcast episode, Ian McQuade, director at Muse Advisory, discusses master trust selection and how the watchdog’s authorisation and supervision regime will change the market.
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News
National Pension Trust files for authorisation days before deadline
On the go: With just days to go before the deadline of March 31, the National Pension Trust has submitted its application to The Pensions Regulator for master trust authorisation.
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NewsABF switches platforms for reduced fee and wider range of funds
The trustees of the Associated British Foods defined contribution pension plan have decided to switch to a new investment platform so that members benefit from a wider range of fund choices and a cheaper platform fee.