The industry has welcomed the Pensions and Lifetime Savings Association’s retirement income standards, but experts warn current minimum contribution levels are not enough to get savers over the line from a moderate to a comfortable lifestyle standard.
Consultation on DB funding code expected early 2020
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October 16, 2019
On the go: A consultation on a revised defined benefit funding code will be launched at the start of next year, according to Charles Counsell, chief executive of the Pensions Regulator.
Nest membership shrug off 2018 AE rate hikes
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October 16, 2019
On the go: Members of master trust Nest were largely immune to the 2018 rise in minimum auto-enrolment contributions, according to new analysis showing opt-out rates remained stable.
Consolidators unfazed after being dropped from pensions bill
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October 15, 2019
The two existing defined benefit commercial consolidators have said they are not surprised by the lack of superfund provisions in the pensions bill.
One in three schemes consider appointing IFA
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October 11, 2019
On the go: Some 35 per cent of pension schemes have either appointed or are considering appointing an independent financial adviser to support members, research reveals.
LGPS Central Pool launches sustainable fund
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October 11, 2019
On the go: The Local Government Pension Scheme Central Pool has launched a new equity fund incorporating key climate change considerations in a bid to deliver long-term growth.
Poorest pensioners receive least government support
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October 10, 2019
On the go: The poorest fifth of UK pensioners are receiving up to £4,000 less in state benefit income than their richer counterparts, research reveals.
Government must revise AE or ‘risk leaving a whole generation behind’
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October 9, 2019
While automatic enrolment has added more than 10m employees to a workplace pension scheme since 2012, experts say it is still not enough to ensure adequate levels of saving towards retirement.
DB funding levels improve over September
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October 8, 2019
On the go: The overall funding position of UK defined benefit schemes improved in September, according to figures released by the Pension Protection Fund on Tuesday.
Field sounds alarm over unregulated DB superfunds
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October 7, 2019
The chair of the Work and Pensions Committee has warned that the government may be putting retirements at risk if it does not bring forward legislation to regulate defined benefit superfunds.
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