All Pension freedoms articles – Page 10
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Opinion
FCA discussion paper outlines raft of challenges from ageing population
From the blog: The Financial Conduct Authority has released a discussion paper, 'Ageing population and financial services', aimed at advancing the debate on how the financial services industry can tackle the challenges and opportunities posed by demographic changes.
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NewsLooser regulation needed as over-65s shun advice
Looser rules about financial advice could be necessary, as research shows more than half of over-65s have never sought regulated advice.
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Opinion
How to use bonds in default funds after freedom and choice
Bonds in default funds for UK defined contribution pensions have come under scrutiny since freedom and choice. While lots of schemes and workplace providers have already altered default fund strategies, many have yet to do so.
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FeaturesRoyal Mail runs survey as freedoms heighten need for engagement
The Royal Mail Pension Plan is running an online member survey to judge engagement and levels of understanding among its members as freedom and choice makes member decisions even more important.
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News
Rise in member contributions at Scottish Power shows impact of online tools
Energy company Scottish Power has seen a tenth of its stakeholder pension plan up their contributions following the introduction of a member portal that models pension outcomes and warns if an individual is likely to miss their target.
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News
Tougher nudge needed to make freedoms a success
Consumers will not have enough money to benefit from the opportunities the pension freedoms present, a report has warned, and any success will hinge on auto-enrolment becoming more prescriptive.
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OpinionForget freedom, millennials want security
From the blog: Born between 1980 and 2000 and entering the workplace amid one of the most significant booms and busts of recent history, millennials face a unique set of financial challenges.
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NewsBrewer crafts more generous DC plan to become top dog
Craft brewer Brewdog has introduced a higher contribution for members of its defined contribution scheme in an ambitious bid to create a best-in-class employee benefits package.
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FeaturesFujifilm develops its DC default fund approach
Fujifilm is overhauling its defined contribution default fund to improve its performance and relevance to members, as schemes continue to rethink DC glide paths following the pension freedoms.
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News
FCA data show Pension Wise take-up is still low
More should be done to encourage pension engagement in the workplace, experts have said, after the latest data from the Financial Conduct Authority show low use of Pension Wise.
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News
NI government offers early retirement to teachers aged 55+
The Department of Education in Northern Ireland has approved a £33.1m scheme offering premature retirement terms to members over 55 years old to make space for new hires in the workforce.
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Opinion
Tax, cyber crime and covenant guidance: what to look out for in 2016
The pensions industry has had to deal with changes across many fronts in the recent past. 2015 was no exception, bringing proposals for Local Government Pension Scheme pooling, the introduction of freedom and choice and the beginning of re-enrolment.
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OpinionEmployers need to step closer to the ‘advice line’
Hymans Robertson’s Rona Train looks at how employers can do more to give access to advice or guidance to pension scheme members.
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Features
Secondhand annuity market takes shape but risk of poor deals looms
Analysis: The government has confirmed it will soften the tax hit for those looking to take advantage of the secondary annuity market, but some experts are concerned the financial services industry holds all the cards in getting the best deal.
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NewsSecondary annuities: Govt starts putting down advice parameters
Many pensioners hoping to sell their annuities on the open market will be required to seek financial advice before doing so, the government has announced, as the industry awaits further detail on the structure of the secondary annuity market.
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NewsScapa saves £600k through flexible retirement exercise
Adhesive tape manufacturer Scapa Group has saved around £600,000 by offering flexible retirement options to some deferred members of its defined benefit scheme, clearing more than £10m of liabilities.
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News
Knowledge sets the bar in regulator's draft DC code
The Pensions Regulator is basing its leaner draft code of practice for trustees of defined contribution schemes on 'knowledge and understanding' requirements, which will mark out those in need of further training.
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News
Annuity demand expected to resurge
Annuity sales will increase from this year despite the new pension flexibilities, as retirees recognise their need for a level of certainty in retirement, new research has suggested.
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NewsTrinity Mirror reviews advisers ahead of DC default appraisal
Trinity Mirror Pension Plan has carried out a consultant review ahead of an appraisal of its defined contribution default fund, spurred by the introduction of the freedom and choice reforms.
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Opinion
The great auto-enrolment review is in train
From the blog: The Public Accounts Committee has launched an inquiry into the risks associated with registering smaller employers for auto-enrolment and how this translates into higher retirement incomes for members.