All pension reform articles – Page 6
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News
Union seeks parliamentary debate on LGPS pooling
A parliamentary petition launched by public service trade union Unison, seeking debate on the pooling of Local Government Pension Scheme assets, has attracted nearly 30,000 signatures and could spell delays to progress in the pooling project.
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News
Tax relief off the table but Budget could still bring surprises
The chancellor is reported to have shelved anticipated changes to pensions tax relief ahead of next week’s Budget, but industry commentators predict a further wrangle of the landscape could still be afoot.
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FeaturesThomson Reuters trailblazes in-scheme drawdown, but obstacles remain for small schemes
US-based media company Thomson Reuters has opted to provide in-scheme flexi-access drawdown to UK members in response to pension freedoms, bucking the trend for occupational trust-based scheme offerings in the new environment.
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NewsSavers slow to embrace freedoms, PLSA report shows
The majority of the 2.8m defined contribution savers eligible to access pension freedoms have not yet done so, new research has shown, as low financial confidence and high risk aversion stalls the freedoms.
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OpinionInput > income > outcome
Editorial: A flurry of innovation in defined contribution scheme design has been catalysed by the pension freedoms. Glidepaths are forking out in an attempt to capture the wants and needs of this new age of retiree, while diversified growth funds continue to find homes in these newly lengthened growth phases.
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News
Treasury empowers FCA to curb exit charges
The Treasury today announced plans for new legislation that will place a duty on the Financial Conduct Authority to cap 'excessive' early exit charges for members seeking to access pension savings under the freedoms.
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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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FeaturesEntering the matrix: Taking pension tech to the next level
Any other business: Apple’s string of acquisitions over recent months are pushing the boundaries of artificial intelligence in the drive to get closer to consumers – but where does the pensions industry rank in the digital journey?
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OpinionAn outstanding year for pensions…
Editorial: And by that I mean we’re coming to the end of 2015 with several gargantuan issues left outstanding, hanging over the heads of schemes and providers.
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Features
Three ways to trim your liabilities in 2016
Analysis: While many defined benefit schemes have yet to explore ways to provide enhanced flexibility to members, there are three key strategies in this area that could ease the pressure of mounting liabilities in 2016.
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OpinionAnnuities are not dead they’re just sleeping
From the blog: Surveys indicate a significant majority of defined contribution members want steady income in retirement, but just never call it an annuity. So how will they achieve that?
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OpinionGuidance should be the ‘aperitif’ of the wider advice process
Good guidance around the point of retirement will not be enough to ensure individuals manage the shape of their income in later life effectively, industry commentators have said.
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OpinionRisk of retrospective fury
Editorial: The pension items touched on in Wednesday’s Autumn Statement may not have been as tectonic as the industry has become accustomed to in recent years, but it was further confirmation – if ever it was needed – that a break from ‘progress’ is not on the cards.
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OpinionWhy employers should facilitate a drawdown route for employees
From the blog: Since the pension reforms were introduced in April 2015, retirement is being talked about more than ever before. This is mainly because these laws will affect almost every employee and employer.
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Opinion
DC design: Six graphs on employers’ direction of travel
From the blog: It’s time to turn words into action. While schemes have been extolling the feted ‘better member outcomes’, little movement is taking place to turn hopes and dreams into components of success.
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Opinion
DC Debate: Autumn Statement, VfM and governance
In this final quarterly DC Debate of the year, our seven panel members discuss the speed at which DC reviews are being carried out, the effectiveness of IGCs, value for money in the real world and Autumn Statement predictions.
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OpinionPMI: Drawdown needs minimum income floor to avoid depleted pots
Talking Head: One of the first acts of the coalition government in 2010 was to reform the pension drawdown rules.
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OpinionGive it a rest
Editorial: A bit of signposting, scheduling and detail. That’s what most seem to be expecting for the pensions industry in Wednesday’s Autumn Statement.
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Opinion
LPFA: Forging working groups with common goals
Talking Head:As we approach the end of the year it is worth reflecting a little on what we have achieved as an industry of late and what the path ahead looks like into 2016.
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Opinion
Data crunch: Annuities market being reshaped, not destroyed
Providers are in talks with the Treasury over how to advance plans for a secondary annuities market.