All member engagement articles – Page 2
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OpinionFinancial wellbeing needs a health warning
Workplace financial wellbeing programmes are important. But they’re also risky and difficult to get right. Why is that, and what can employers do to get it right?
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OpinionWhat savers really think about their investments
The Pensions and Lifetime Savings Association recently polled savers to find out their attitudes to where their money is invested. Here’s what they said.
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NewsDashboard lessons from overseas
Learnings for the UK from Richard Smith’s European dashboards tour
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NewsEngineering company appoints LifeSight as master trust provider
On the go: Engineering company KBR has appointed LifeSight as master trust provider for its 6,400 UK defined contribution scheme members.
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OpinionAdapting solutions to member needs in today’s world
Railpen chief officer for benefits Paul Sturgess explains how member communication has evolved and how education, collaboration and technology are now integral parts of pensions admin.
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OpinionMember engagement is good, but inertia is better
Quietroom director Simon Grover makes the case for inertia ahead of member engagement.
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OpinionInclusivity – the forgotten ‘I’ in ED&I for trustees
Broadstone head of policy David Brooks details how inclusion can make a real difference for trustee boards in their diversity journey and help with member engagement.
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NewsPensions industry should look ‘beyond narrow compliance’
The Pensions Regulator and the Financial Conduct Authority want the industry to look “beyond narrow compliance” and consider consumer outcomes.
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NewsNest and Sainsbury’s members shrug off LDI crisis
October’s market turmoil and the slump in UK government bonds did not trigger a spike in Nest members checking their defined contribution pots, the research arm of the government master trust has said.
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NewsAon warns of 'unintended consequences' from pension campaign
On the go: Aon has warned the Pensions Awareness Week campaign could have “unintended consequences” due to the current cost of living crisis.
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News‘Let’s rethink all’ member options before dashboards introduction
Legislative and policy assumptions about member behaviour as they approach retirement are completely out of sync with reality, and now is the time to “rethink all of it” before dashboards are introduced, according to Philip Brown, group director of policy and external affairs at B&CE, provider of The People’s Pension.
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NewsBurghart announced as minister for pensions and growth
On the go: Alex Burghart MP has been confirmed as minister for pensions and growth at the Department for Work and Pensions
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NewsSmall pots problem is ‘only going to get worse’
The number of small pension pots — and the costs of administering them — will continue to increase, despite efforts from the government and industry, a Pensions and Lifetime Savings Association panel has warned.
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NewsRetirement risks make UK drop to 10th in global pensions index
The UK slipped from ninth to 10th in Mercer’s latest retirement income survey, as the long-term shift from defined benefit to defined contribution leaves members facing greater retirement risks.
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NewsFRC publishes ‘consistent and reliable’ standards for dashboards
On the go: The Financial Reporting Council has confirmed the changes being made to Actuarial Standard Technical Memorandum 1 in preparation for the launch of the dashboards, striving for “consistent and reliable” pensions illustrations.
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NewsGovernment’s new illiquid rules to apply to all DC schemes
The Department for Work and Pensions has confirmed it will push ahead with a requirement that trustees must include a policy on illiquid investments in their defined contribution schemes’ chair’s statement, despite stern criticism from the industry.
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NewsNew ‘pensions minister’ grilled on AE expansion and tax reform
Alex Burghart, the new parliamentary undersecretary of state at the Department for Work and Pensions, has suggested he is keen to see auto-enrolment expanded to cover emergency savings pots.
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News18,000 teachers subject to ‘challenging’ McCloud choice
Some 18,000 teachers have been made retrospectively eligible for Local Government Pension Scheme benefits by the implementation of the McCloud remedy, presenting an “administratively challenging” task for both the Teachers’ Pension Scheme and LGPS-administering authorities, according to the Local Government Pensions Committee.
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NewsScottish Widows and Interactive Investor see green pension demand
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including a study from Scottish Widows suggesting green pensions are valuable for recruitment, and news that one in 10 workers have chosen a sustainable pension.
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NewsAE contributions not reaching those most in need
While many employers offer auto-enrolment contributions above the minimum rate, the workers that benefit are seldom those most in need, according to new research from Nest Insight.