All Defined contribution articles – Page 95
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OpinionAdmit mistakes and encourage discussion to prevent repetition
Sean Burnard from Law Debenture Pension Trustees explains how creating a learning culture, seeking diverse opinions and carrying out premortems can help trustees avoid making new mistakes or repeating old ones.
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OpinionThe freedom not to choose
Editorial: Default options for would-be retirees are the industry’s new darling, as poor support for savers at retirement still blights the UK pension system.
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OpinionESG will drive pensions into the future
Just like a car, pensions need to be future-proof, says Nest’s Diandra Soobiah.
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News
UK could profit from Australia’s missed default opportunity
A default drawdown proposition rejected by the Australian government could offer “freedom from the pension freedoms” for unengaged savers who cannot afford advice at retirement, it has been claimed.
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News
Retirement defaults would strengthen UK system, experts say
UK pension commentators often point to the Netherlands as an example of a country with a good pensions system, but the UK’s introduction of freedom and choice has also attracted interest from Dutch pension experts.
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Opinion
Is ESG on course to become the norm in DC defaults?
Late last year the UK government said it was “minded” to make pension fund trustees produce environmental, social and governance statements.
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OpinionWhat could we expect from the regulators’ joint pension strategy?
How could the Financial Conduct Authority and the Pensions Regulator’s joint strategy improve pensions regulation? Aegon’s Kate Smith discusses the regulators’ current responsibilities and the benefits of the watchdogs working together on certain issues.
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Features
Pearson follows pack in targeting drawdown for DC defaults
The Pearson Pension Plan is introducing two new lifestyle options for its defined contribution members as they approach retirement, responding to a perceived demand for greater flexibility.
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Opinion
Has auto-enrolment come of age?
Since its inception almost six years ago, auto-enrolment has succeeded in relying on inertia to help more people save for retirement, that much is clear. Uncertainty and a need to build on this success, however, remain.
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News
Default drawdown tops select committee's at-retirement wishlist
Providers of drawdown products should be required to develop charge-capped default products to help disengaged savers make their pension last, the Work and Pensions Committee has recommended.
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News
The People's Pension absorbs Your Workplace Pension
The People's Pension has become the first mastertrust to publicise the acquisition of another mastertrust, as a new regime – under which mastertrusts must be authorised by the Pensions Regulator – is set to lead to further market consolidation this year.
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News
TPR to prosecute recruitment firm
The Pensions Regulator is to prosecute recruitment company Workchain Ltd and seven of its directors and staff for unauthorised access to a computer programme. They are accused of logging into the company pension scheme using employees' details to opt them out of the scheme.
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OpinionHow comms can help close the gender savings gap
From the blog: With the gender pay gap sitting firmly in the spotlight, it is not surprising we are also seeing a flurry of discussions about why women save less, and what should be done about it.
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OpinionClear and simple communication is key to preventing opt-outs
Rosemary Lemon, group head of reward at Hays, explains how employers can help prevent opt-outs while raising awareness of the importance of saving for retirement.
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OpinionWe need to better connect with members
Engaging scheme members is vital if we are to close the savings gap, says Redington’s Lydia Fearn.
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OpinionHow to ensure good value for members
From governance and investment to member engagement and communications, seven experts, including HR directors, look at how employers, providers and trustees can ensure better outcomes for members of defined contribution schemes.
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News
CWU members vote for Royal Mail deal
The Communication Workers Union has announced that its members have overwhelmingly voted in favour of a deal with Royal Mail over pensions and pay.
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News
TPR raises bar with mastertrust code of practice
A new authorisation code requiring mastertrusts to demonstrate their financial sustainability may force a number of providers from the market, experts have speculated.
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Opinion
Which communication strategies are best at boosting engagement?
Mark Rowlands from Nest, Caroline Roberts from VisitBritain, Andy Cheseldine from Capital Cranfield, Nasir Rafiq from Islamic Relief Worldwide, Ami Bartrip from the Financial Times, Rosemary Lemon from Hays and Jason Green from Finance & Technology Research Centre discuss communication and engagement.
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OpinionIs a TDF approach right for your scheme?
Target date funds have proved popular on the other side of the Atlantic for defined contribution pension schemes, but to date have not had the same success in the UK.