All Defined contribution articles – Page 93
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News
Government lowers mastertrust authorisation fees
The government has announced that proposed fees for mastertrust schemes seeking authorisation have been revised downwards.
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Opinion
Keeping the grass greener
Climate change is not just damaging the planet, it could also have a detrimental effect on our members’ investments. This is because as we move towards a low carbon economy, companies that do not adapt are likely to fall in value.
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OpinionPutting the USS closure debate into perspective
Pensions in the UK are often divided between the haves and the have-nots.
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News
BT sweetens DB closure with promise of 'hybrid' scheme
BT has announced the closure of its defined benefit scheme and agreed to work with the Communication Workers Union over a forthcoming ‘hybrid’ solution.
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Features
Should pension schemes consider helping the banks?
Analysis: Pension schemes have an opportunity to take advantage of banks’ growing capital requirements.
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News
Govt 'tempted' by latest Royal Mail CDC proposals
The Department for Work and Pensions is “tempted” to lay regulations facilitating the creation of collective defined contribution schemes, following a recent breakthrough by the team drafting proposals on behalf of Royal Mail.
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OpinionHow can employers, providers and trustees work together to ensure good governance?
Rosemary Lemon from Hays, Caroline Roberts from Visit Britain, Nasir Rafiq from Islamic Relief Worldwide, Mark Rowlands from Nest, Ami Bartrip from the Financial Times, Jason Green from Finance & Technology Research Centre and, Andy Cheseldine from Capital Cranfield, discuss the importance of governance in delivering good member outcomes.
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NewsVirgin Money introduces financial wellbeing portal for employees
Virgin Money has introduced a financial wellbeing portal to help employees think differently about their relationship with their own money, including retirement savings.
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Opinion
Trustees must delve deeper to provide value for members
Millennials will be the first generation to benefit from auto-enrolment and may even have a £1m pot to enjoy in retirement, according to the Pensions Policy Institute.
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News
Rising interest rates threaten sponsor covenants, say experts
PLSA Investment Conference 2018: Interest rate and inflation risk could pose imminent threats to schemes and sponsors, while quantitative easing might not have been bad news for schemes, experts have said.
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FeaturesJLR drives down costs with DC strategy refresh
UK automotive stalwart Jaguar Land Rover has embarked on a complete overhaul of its defined contribution offering in a bid to drive down costs and improve member outcomes.
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NewsEthics v profit: Should pension funds divest from ‘sin stocks’?
PLSA Investment Conference 2018: A debate on investment in so-called sin stocks threw up questions around what it means for pension funds to act ethically, and whether the regulatory risk associated with such stocks makes divestment financially sound.
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News
IDWG chair calls for reform by April
PLSA Investment Conference 2018: Chris Sier, chair of the Financial Conduct Authority’s Institutional Disclosure Working Group, has called for the introduction of reforms promoting asset management transparency by the beginning of April.
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News
Healthcare company pleads guilty to misleading TPR
A Birmingham-based healthcare company and its managing director have pleaded guilty to misleading the Pensions Regulator about enrolling staff into a workplace pension, after a whistleblower raised the alarm.
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OpinionFinancial and social returns can be easy bedfellows – if the will is there
Social investment is not new, it has a long and proud history. However, it is far from common in pension schemes.
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News
TPR appoints new policy lead
The Pensions Regulator has hired David Fairs as its executive director for regulatory policy, analysis and advice.
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Features
Why DC default investments matter for members
Analysis: More than 90 per cent of savers enrolled in a pension choose to remain in the default option, making it imperative that its investments match members’ needs and offer value for money.
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News
MPs probe pension funds on climate risk amid wider ESG push
MPs are probing pension funds on their approach to climate change risk, as experts expect a ‘multi-pronged attack’ to push environmental concerns higher up trustee agendas.
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News
Universities minister: Compensate students for UCU pensions strike
Universities minister Sam Gyimah has said universities should compensate students for teaching time lost because of academics' ongoing strike over pensions.
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News
Trustees lack info to judge fid man and consultant VfM, finds CMA
Competitive processes are not providing customers with the necessary information to judge the value for money of investment consultants and fiduciary managers, the Competition and Markets Authority has said.