Defined contribution experts have said a lack of sufficient data on members’ likely reaction to April's pension flexibilities is leaving default fund design in a state of limbo.
Latest articles from Maxine Kelly
Defined contribution experts have said a lack of sufficient data on members’ likely reaction to April's pension flexibilities is leaving default fund design in a state of limbo.
The European Commission has recommended schemes be given a two-year reprieve from over-the-counter derivative clearing requirements. But industry experts still expect pension funds to end up paying higher transaction costs.
The Pensions Infrastructure Platform has said plans to expand its offering by adding a renewables fund this year, as UK schemes continue to seek inflation-linked returns.
Video: What effect are the flexibilities having beyond the world of DC? In the first of our three Countdown to April videos, JLT Employee Benefits' Mark Wood and Eversheds' Tim Smith explain how DB schemes are dealing with the knock-on effects of the reforms (6:08).
We've been talking about it for nigh on a year now, but a report released by the NAPF today paints a detailed portrait of the decision-making paralysis facing many in the 50-70 age group at retirement.
'The Unpredictability of Retirement' surveyed more than 1,200 of these baby-boomers in the latter half of 2014 to find out how pension changes – freedom and choice, shifts in state pension age, and the decline of defined benefit pension schemes – have affected their journey towards or during retirement.
It cheerfully segmented them into three alliterative characters:
The chief of the London Pensions Fund Authority has said the £500m tie-up with the Greater Manchester Pension Fund, announced last week, will consider “infrastructure in a broad definition”.
Legal experts have reported an increase in pension schemes planning to reduce their liabilities by changing their rules to allow partial transfer of members' pure defined benefit assets into defined contribution arrangements.
Pensions minister Steve Webb has signalled support for mastertrusts delivering a collective defined contribution option for members, at a Trades Union Congress conference on Wednesday – but at least one of the large mastertrusts has rejected the idea.
Any other business: The Budget changes have inevitably pushed pension schemes to update how they communicate with members. But could a wider overhaul of your 'brand' boost engagement? Should it set scheme and sponsor apart?
Inflation hedging activity saw a jump towards the end of last year as medium-sized schemes took advantage of favourable pricing, ahead of further inflation falls.
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