More master trust news – Page 31
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OpinionSavings not sweets
Editorial: Employees value and want a workplace pension. What’s more: young people are more likely to recognise the need for a pension.
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News
Nest unveils sidecar savings trial plans
The research arm of mastertrust Nest is planning to trial a new savings product in 2018, which will split contributions between a pension pot and a “rainy day” fund, in an effort to improve short-term financial health.
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OpinionThe challenge of moving from inert to engaged
Gavin Perera-Betts from Nest on what is needed for auto-enrolment to continue to be a success story.
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News
Over-confident savers back property before pensions
Almost half of UK savers continue to believe that property is the best way of providing for retirement, according to a survey by the Office for National Statistics, which highlights the challenge facing government.
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NewsUS withdrawal from Paris accord no threat to ESG investing
US president Donald Trump’s decision to pull out of the Paris climate accord will not affect the UK’s growing implementation of environmental, social and governance criteria on investment strategies, experts have said.
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Opinion
DC Debate Q2 (part 2): The limits of DC
In the second DC Debate of 2017, seven defined contribution specialists discuss why schemes will look for more delegation, whether member engagement can be counterproductive, and if auto-enrolment should be extended.
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OpinionBring the self-employed in from the cold
The number of self-employed people in the UK has seen rapid growth in recent times: in 2015, 4.6m people fell into this category, up from 3.8m in 2008, the Office for National Statistics estimates.
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Opinion
Why ESG is more than ‘nice to have’
Environmental, social and governance factors should be a core element of schemes’ investment strategies, argues Redington’s Rob Gardner.
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News
Small employers urged to plan ahead as more miss staging deadline
A rising number of small employers are missing their auto-enrolment staging deadline, a new study has shown, as experts highlight the importance of being prepared and planning ahead to make sure employees benefit from a pension.
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OpinionPassive investors can still be active owners
Shareholder engagement is more than going with the fund manager’s view, Nest’s Mark Fawcett argues.
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News
Annuity purchasers regret decision as confusion 'remains rife'
Despite widespread confusion, most defined contribution savers are happy with the retirement choices they have made in light of the introduction of freedom and choice, with the exception of those who have purchased an annuity, a survey has found.
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NewsExperts call for mandatory guidance as FCA targets advice take-up
The Financial Conduct Authority will prioritise retirement income provision within pensions in 2017-18, addressing perceived problems with consumers who do not take regulated financial advice, as some argue schemes should organise Pension Wise sessions by default.
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Features
FKI scheme winds up and moves members to mastertrust
Trustees of the defined contribution FKI Group Pension Plan have agreed to wind up the scheme, transferring active members to a mastertrust, as experts note governance and cost management benefits.
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Opinion
Mastertrusts have the next milestone in sight
Mastertrusts are on their way to becoming a dominant force in the UK pensions system, having woven themselves into the fabric of workplace defined contribution provision.
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NewsIndustry unconvinced by MPs' funder of last resort concerns
Amendments to the pension schemes bill requiring member representation on mastertrust boards and a funder of last resort have been rejected by the House of Commons, amid concern from opposition politicians about a lack of oversight.
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OpinionIs it time to reframe the master trust debate?
From the blog: Master trust performance has come under increased scrutiny in recent months. But it is time success or failure in this market was viewed in a different way.
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News
Keep it simple when exploring new strategies
PLSA Investment Conference 2017: While smart beta has been labelled a cost-effective option for schemes looking for higher returns than a market cap index, trustees turning to these types of strategy have been advised to keep things simple while focusing on governance and costs.
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News
AE review: Tension between engagement and inertia comes to the fore
PLSA Investment Conference 2017: With the Department for Work and Pensions’ review of auto-enrolment underway, advisory groups are seeking views on engagement, contributions and coverage, but questions remain over the necessity of engagement and the pensions reality in other countries.
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NewsSpring Budget focus on self-employed lets industry hope for more
The chancellor’s focus on the self-employed could pave the way for bringing the group into the pension system, some experts have said, as the spring Budget brings no significant news on pensions.
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News
DWP blocks Nest drawdown in favour of industry innovation
The Department for Work and Pensions has decided against letting Nest offer drawdown after strong opposition emerged at consultation, opting instead to rely on industry innovation, but some have questioned whether the market will provide this.