All pension reform articles – Page 10
-
Opinion
Educating your members on the risk of freedom
Analysis: In the 1998 film Armageddon, while battling G-force in a shuttle around the moon, hero AJ Frost asks: “Is this supposed to be like this?”
-
OpinionEditorial: Drum roll...
So there you have it. By the time you read this, swaths of people will have battered down their providers’ doors to get their mitts on their pension pots, to splash on posh cars and cruises. Or not.
-
News
Cashed-out pots could hit future means-tested benefit claims, lawyers warn
Lawyers have called on providers to ensure members are fully aware of how accessing their pension pots could affect future benefit claims, as schemes grapple with their ‘second line of defence’ obligations.
-
Opinion
What will the election result mean for the pensions industry?
We’re on the final run in to the general election and still have no clear idea what the next government might look like.
-
Opinion
Two workplace guidance steps to avoid member confusion
Consider the enormity of the decisions presented to pension scheme members and the difficult questions being asked.
-
News
Council funds report low take-up of 50-50 option
The option for local authority staff to halve their pension contributions while retaining other benefits has seen take-up below expectations, as the local government reforms bed in.
-
News
More than half unlikely to take advice on pension access
Most retirees are unlikely to seek advice before withdrawing their pension, a survey has shown, as the industry wrestles with how to protect members in the new flexible pensions environment.
-
Opinion
Six steps to manage a rise in DB-DC transfer requests
While the pension flexibilities do not apply directly to individuals with defined benefit pensions, members do have the option to transfer their benefits to a defined contribution arrangement.
-
News
Half would sell their annuity, majority want 90% of value
The consultation to lay the groundwork for a secondary market for annuities, announced in last week’s Budget speech, will allowaround 5m pensioners having the option to cash in the products in exchange for a lump sum.
-
News
Recycled annuities could offer income for DB, but buyer beware
Alongside Wednesday’s Budget, the government will launch a consultation on the viability of a secondary market to allow pensioners to cash in their annuities, but questions remain over who would buy them.
-
Opinion
Six ways to meet the needs of the DC generation
Talking Head: With the introduction of new pension freedoms, many savers in defined contribution schemes will have more ways of accessing their pension savings.
-
News
Make it personal: Qantas's key to engagement success
NAPF Investment Conference 2015: Personalising communication is critical to achieving meaningful member engagement, said the chief of Australian super Qantas, after it gained a one in four response from an innovative campaign.
-
News
FCA chief: everybody has a role to play in achieving good outcomes
NAPF Investment Conference 2015: The chief executive of the Financial Conduct Authority has warned about the importance of delivering the pensions reforms to overcome “one of the defining challenges of our age”.
-
Opinion
The case for cash: pension freedom and derisking
From April, savers will be faced with tough choices when it comes to drawing their pension: take the entire pension upfront, remain invested throughout retirement or buy a guaranteed income through an annuity.
-
News
Industry mulls impact of Labour drawdown cap pledge
Analysis: Experts have raised questions about a possible cap on drawdown charges proposed by Ed Miliband last week, as the industry braces itself for the reforms and an uncertain general election outcome.
-
Opinion
Five steps for building a reform engagement strategy
As someone who works in the pensions industry I have been aware of every headline heralding the April 2015 reforms. But before we consider an appropriate strategy, let’s consider the average member.
-
Opinion
Treasury: Support, but not pressure, for retirement reform
Talking head: The Treasury’s Andrea Leadsom outlines how it is working with the pensions industry to strengthen the Pension Wise support mechanism for members.
-
OpinionEditorial: Well, in theory...
Some of the best minds in the pensions industry have spent the past 10 months trying to redesign defined contribution scheme investment. But some of that thinking is based on a faulty premise.
-
Opinion
Is Webb's cashing-in annuities plan a blessing or curse for savers?
Pensions minister Steve Webb recently called for retirees to be able to cash in or swap annuity providers in much the same way homeowners can currently switch their mortgage rate.
-
Opinion
NAPF: There are still too many unknowns on pension 'freedoms'
It’s the final countdown for the implementation of the 'freedom and choice' reforms. However, with only around 30 working days and counting until the reforms go live, time is rapidly running out.