All Defined contribution articles – Page 95
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News
Govt ignores self-employed pensions in gig economy crack-down
The government is seeking to address concerns over working conditions in the so-called 'gig economy' by giving workers more protections and greater clarity around their rights, but has failed to address the issue of pension saving among the self-employed, according to industry commentators.
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Dow Chemical opts for multi-country DC provision
Multinational Dow Chemical is moving its defined contribution plans in the UK and the Netherlands to an international DC solution.
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News
Now Pensions fined £70k for admin failings
The Pensions Regulator has fined the trustee and trust manager of Now Pensions in relation to persistent administration failures, and has given the embattled mastertrust until July to fix all of its issues.
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News
BT to close DB managers’ scheme
BT is to close its defined benefit BT Pension Scheme to managers for future accrual on May 31 2018.
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News
UK assets up but savers still look to bricks and mortar
UK occupational pension assets grew 16.9 per cent over 2017 to cement Britain’s position as the second-largest market in the world, but concerning trends in saver attitudes suggest market returns may be masking fundamental problems.
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NewsNissan defies carmaker trend towards DC
Car manufacturer Nissan is consulting on a proposed switch to a career average scheme to reduce the volatility of its pension liabilities, amid recent and proposed moves to defined contribution in the industry.
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News
ONS wealth survey: Pension inequality reducing but debt a worry
Pension wealth for UK households increased by 20 per cent in the past two years, according to the Office for National Statistics, but an increase in aggregate debt clouded good news for overall financial health.
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News
Royal Mail and CWU reaffirm commitment to CDC
Royal Mail and the Communication Workers Union have reiterated that they have "reached an agreement in principle" on pensions, pay, a shorter working week, culture and operational changes. The union's executive recommends that CWU members vote in favour of the proposals in an upcoming ballot.
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News
Nest amendments put before parliament
The government has responded to its consultation on the draft National Employment Savings Trust (Amendment) Order 2018, and laid it before parliament on Monday.
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News
UUK will 'consider reintroducing DB' after DC switch
Universities UK has put forward a proposal to change the pension benefits for academics to defined contribution from April 1 2019, but has committed "to consider in three years’ time if defined benefits can be reintroduced should the scheme’s funding conditions improve".
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News
Consultants commit to flagging ESG factors
Sixteen investment consultancy firms have said that they will seek to ensure that pension schemes take into account environmental, social and governance factors where they are financially material.
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OpinionHow to avoid pitfalls in DC bulk transfers
From the blog: Pension freedoms, increasing governance demands and higher charges have led to considerable appetite among employers to transfer defined contribution pots to either a mastertrust or contract-based arrangement, but there are a number of hurdles that need to be overcome.
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News
TPAS publishes guidance for self-employed
The Pensions Advisory Service has launched an information and guidance 'Spotlight' document focusing on the self-employed. It is also aiming to raise pension awareness among the self-employed with a social media campaign.
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Features
Is it time to return to equities?
Analysis: Investors are the most overweight in equities relative to government bonds since August 2014. Might pension schemes share in this bullish outlook on equities?
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News
Employers need individual guidance to navigate VAT rules, accountants say
The Pensions Research Accountants Group has responded to recent HM Revenue & Customs changes to the VAT treatment of pension fund costs, advising schemes to seek guidance on their individual circumstances.
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News
Life expectancy falls by a year in some regions
Life expectancy growth in England is slowing, with some regions experiencing a drop of one year, according to research by Public Health England.
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FeaturesDelivering the ill health pension
Any other business: Illness is an unconventional path to a pension transfer. But for the thousands of employees every year rendered unable to work through sickness, surviving financially through the mercy of an early pension might make all the difference.
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NewsSouthampton uni's DB closure proposal poorly timed, experts say
The University of Southampton is consulting on the closure of its defined benefit scheme for non-academic staff, a move experts have said is not well timed given current scrutiny of senior pay packages at universities.
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News
DB closure at Southampton University would hit lowest paid staff, say unions
Unions have warned that proposed pension changes at the University of Southampton will cause low-paid staff to lose thousands of pounds in retirement.
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News
Pension transfer values rise once more
Year-on-year pension transfer values have grown for the third year in a row, according to research by not-for-profit fintech company Origo.