All Defined contribution articles – Page 93
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News
More than a third fail to assess basic needs for retirement
More than a third of people have never estimated their income needs for later in life, and 38 per cent of individuals are not confident about their ability to retire comfortably, according to new research by provider Aegon.
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News
Pensioners underspending and bequeathing most wealth on death
Many older people are underspending in retirement, and are set to bequeath the majority of their wealth to younger generations instead, according to research by the Institute for Fiscal Studies.
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Opinion
DC Debate Q2: Deferred annuities, retirement expectations and more
Five defined contribution experts talk about deferred annuity products, retirement expectations, and how the industry is adapting to people’s changing work patterns.
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News
Guy Opperman outlines hopes to harness fintech
Pensions and financial inclusion minister Guy Opperman says he hopes to harness fintech to boost saving for the self-employed, while aiming to bring in legislation for defined benefit regulation next year.
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Opinion
DC Debate Q2: Default retirement pathways, flexibility and guidance
Five defined contribution experts discuss default pathways, striking a balance between flexibility and secure income, and the importance of guidance at retirement.
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News
Government figures show drop in persistency of saving
The amount saved into workplace pensions rose by £4.3bn to £90.3bn in 2017, according to new government data, but a slight drop in the persistency of saving last year has raised concerns.
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News
Seeking members' ethical views could muddy DB waters, experts say
The Environmental Audit Committee has proposeda requirement for schemes to actively seek the views of their members when producing their statement of investment principles, a move experts say could complicate matters for defined benefit trustees.
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OpinionData Crunch: DC property allocations set to catch DB
It seems logical that long-term savings should be invested in long-term assets, and property would seem a candidate for this type of investment.
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OpinionEveryone has a role to play in ESG
Regulatory pressure on pension schemes to consider environmental, social and governance factors is building, so trustees, consultants and fund managers must work together to give members access to the best products, argues Redington’s Lydia Fearn.
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OpinionDC should stand for decent contributions
From the blog: In recent years, regulators have put so much emphasis on the minutiae of defined contribution pensions that we seem to have forgotten about the bigger picture.
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Features
How should schemes appoint their MNTs?
Trustees are required under the Pensions Act 2004 to make sure that at least one-third of trustees, or at least one-third of directors of the trustee company, are nominated by the scheme membership. But what is the best way to appoint member-nominated trustees?
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OpinionBlowing the whistle on the secret pension offenders
The Pensions Regulator’s Darren Ryder outlines the importance of whistleblowers in enabling the watchdog to shine a light into the murky practices of an employer.
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News
Regulator threatens greater discipline over poor admin
The number of public service pension schemes disclosing inadequate processes for monitoring data accuracy and completeness has risen, as the Pensions Regulator pledges to clamp down on those falling below the standards it expects.
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News
Rate of investment consultant tenders has plummeted, survey finds
Less than 3 per cent of pension schemes retendered for investment consulting services last year, compared to 18.6 per cent of schemes in 2008, according to research from selection specialists IC Select.
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OpinionCarillion's post-mortem
It is not unusual for Work and Pensions Committee chair Frank Field to show off an impressive vocabulary when launching a salvo against political and personal foes. But even by his standards, the imagery used to put to bed the failed outsourcer Carillion has taken a turn for the macabre.
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Features
Liquid alternatives: How diversified is your DC default?
Analysis: Defined contribution default funds are facing the unenviable task of constructing diversified portfolios with limited budgets and a requirement for liquidity. Could liquid alternatives help?
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News
Smart Pension and L&G to develop first default retirement pathway
Default retirement pathways could become a feature of the UK pensions system as early as next year, as Smart Pension and Legal & General announce plans to develop a product combining drawdown and annuities.
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NewsEasyJet pilots engagement strategy for DC members
Airline EasyJet has adapted its pension communication approach to cater to the working patterns of pilot and cabin crew employees, by making information clear and easily accessible for members on the move.
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News
TPR plan welcomed, but concerns remain over consistency
The industry has welcomed the Pensions Regulator's new corporate plan, which outlines how it plans to become “clearer, quicker and tougher”, but concerns remain over consistency and the watchdog's focus on smaller schemes.
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News
Report urges pensions overhaul to fix intergenerational unfairness
The UK’s intergenerational contract is under more strain than ever, and radical reforms are needed to secure the funding of increasing care costs while helping young people to save, according to Conservative peer Lord Willetts.