All Department for Work and Pensions (DWP) articles – Page 38
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News
Transfer industry: pot-follows-member transfers can cost just £1
Pension transfer systems have countered concerns raised by industry figures that implementing pot-follows-member could result in high costs, which may be passed onto members.
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News
Webb seeks to alleviate scheme guidance concerns
Pensions minister Steve Webb has tried to assuage the concerns of defined contribution schemes by implying the guaranteed retirement guidance could be delivered in less intensive ways than face-to-face meetings.
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Features
Employers ensure AMD ban does not drive up active member fees
Employers have managed to keep active scheme member fees steady while scrapping higher charges for deferred members, after one provider agreed to swallow the cost of next year's ban.
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News
Low-cost passive DC loses ground as schemes seek 'smoothed' returns
The number of FTSE 100 trust-based defined contribution schemes using lower-cost, fully passive management for their default options has dropped by almost a half as diversified growth funds become more popular, research has found.
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Opinion
Webb: tide finally turning on retirement saving
Figures released last week from the Office for National Statistics indicate that after decades of decline, the tide is finally turning and people are embracing pension saving.
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Opinion
Regulator: our call to AE action
Talking head: The Pensions Regulator’s Charles Counsell urges smaller employers not to leave their auto-enrolment obligations to the last minute, saying now is “no time for complacency”.
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NewsOnly a third of workers alerted to AE by employer
Data analysis: Nearly two-thirds of workers heard about auto-enrolment through the media rather than from their workplace, sparking concerns that employers are not playing a strong enough role in communicating the reform.
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News
Civil partner rule uncertainty poses questions for trustees
Schemes may want to consider holding off adjusting their spousal benefits, after a tribunal overturned a previous ruling that deemed entitlements should take into account membership pre-dating the Civil Partnership Act 2004.
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Opinion
Exploring the impact of the government’s ‘money purchase’ change
Sacker’s Zoë Lynch assesses the impact of the change to the definition of money purchase on schemes in this week’s edition of Technical Comment.
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Features
M&S sizes up auto-escalation to improve outcomes
Marks and Spencer is considering what auto-escalation could do to improve member outcomes as it looks to raise the quality of its provision following auto-enrolment.
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News
Pensions regulatory gap 'unsatisfactory', DWP report says
News analysis: The regulatory gap between pensions and wider financial services needs addressing, a Department for Work and Pensions report has said, but ongoing reform is pushing the issue down the agenda.
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News
Two-thirds of employers uneasy over pot-follows-member
News analysis: Around two-thirds of businesses are concerned at the complexity of the automatic transfer regime, while 70 per cent of managers are worried about the broader challenges of auto-enrolment compliance, a survey has found.
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News
Micro scheme membership slumps as market consolidates
Data analysis: The total membership of small schemes with between two and 11 members has fallen by two-thirds over recent years as the market consolidates and auto-enrolment beds in.
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News
How defined ambition could affect your scheme
Government has outlined proposed legislative modifications to the pensions system including changes to decumulation rules and daily pricing requirements, which could impact current defined contribution and defined benefit schemes.
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Opinion
Editorial: On the threshing floor
Steve Webb has drawn a line in the sand. Or rather, three lines in the sand.
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News
Evaluating the government's technical AE changes
The technical changes to the regulations for implementing auto-enrolment released by the Department for Work and Pensions have received a mixed response from the industry.
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Opinion
How to bridge the retirement gender gap
News analysis: As long-term saving among women hits an all-time low, providers and advisers have urged schemes and the wider industry to cooperate in encouraging adequate retirement saving.
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News
United Utilities: charge cap could shield members
United Utilities' pension manager has voiced support for a cap on fees as it would protect default fund members from the decisions of their smaller and potentially less well-informed employers.
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Opinion
Is your scheme independence-proof?
A report released last month by the Scottish government outlined how it plans to tackle the structural and legislative hurdles currently blocking Scotland from disentangling its pensions system from the UK.
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News
How the OFT report affects your scheme
The Association of British Insurers will audit contract and bundled schemes at risk of being poor value for members, following the Office of Fair Trading’s investigation into the market.