All Pension transfers articles – Page 18
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News
How to prepare your portfolio for a rise in transfer requests
Defined benefit schemes should review the shape of their liability profile and consider their investments should a high proportion of members transfer out, as figures show a sharp rise in requests.
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Opinion
The legal issues troubling trustees around DC flex
There is no obligation to adopt the range of flexibilities offered by pension freedom – DLA Piper’s Ben Miller looks at what trustees need to consider before amending their schemes.
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News
DB-DC proposals trigger benefit questions
The Financial Conduct Authority has issued a consultation on transfers out of defined benefit schemes, but experts say a disparity between definitions of money purchase benefits could lead to confusion.
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Opinion
Is now a good time for an ETV or Pie exercise?
Aon Hewitt’s Ben Roe examines whether the new flexibility for DC means 2015 is shaping up to be the ‘year of the transfer value’ for DB schemes.
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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.
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News
FCA bolsters transfer protections in home-straight to April
The Financial Conduct Authority has tightened rules around advice on transfers out of defined benefit in its third announcement this week, as the April reform deadline approaches.
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Opinion
DB-DC transfer requests will rise. Here is how to handle them
Quantum’s David Deidun says the rise of DB-DC transfers are much ado about nothing, but that trustees should allow enough time to disinvest funds efficiently in such periods of increased demand.
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Opinion
Ready or not: pensions administration post-April 2015
Barnett Waddingham’s Julian Mainwood details the steps trustees and scheme administrators need to take in order to stay on top of the upcoming changes and adapt to scheme members’ needs.
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News
Regulator reassures on DB-DC transfers but capacity crunch predicted
The industry has welcomed the pensions watchdog’s clarification on trustees’ duties around the new flexibilities, but some are concerned scheme administrators will face capacity issues around rising transfer value requests.
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News
DWP opts for network of registers to facilitate PFM transfers
The government has revealed further detail on its long-awaited federated model for pension consolidation, as it moves to take the infrastructure development process to the next stage.
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Opinion
Altmann: Don’t abandon member safeguards in DB-DC transfers
Talking head: Ros Altmann argues for a £5k-£10k threshold for non-advised DB transfers-out, and says it is vital that members receive proper advice to understand the value of the benefits they are rejecting.
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News
Schemes plan partial DB-DC transfers to trim liabilities
Legal experts have reported an increase in pension schemes planning to reduce their liabilities by changing their rules to allow partial transfer of members' pure defined benefit assets into defined contribution arrangements.
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Opinion
We have the ombudsman cases we wanted – but they provide cold comfort
When the pensions ombudsman published its first determination on a pensions liberation case late last year, I blogged that the key cases for schemes would be where trustees had blocked suspect transfers. The first few of those have now been made public.
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News
Consultants report evidence of Osborne boost to DB-DC transfers
Consultants have reported an increase in the number of defined benefit to defined contribution transfer requests from scheme members following George Osborne's announcement of greater retirement flexibility in the March Budget.
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News
How scrapping 55% 'death tax' could affect your DB scheme
Consultants have again predicted greater interest in transfers out of defined benefit schemes following the proposed removal of inheritance tax on pension pots, while others doubted the changes would have much impact.
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News
Three in four DB schemes sizing up post-Budget incentive exercises
Benefit consultants have reported that as many as three-quarters of their defined benefit scheme clients are considering incentive exercises to reduce their risks following the introduction of the Budget freedoms.
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News
How lifting Nest restrictions could affect the market
The lifting of restrictions on contributions and transfers to state-backed mastertrust Nest will make it more compelling for employers, but a rival mastertrust has called for oversight of its funding arrangements.
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News
DB-to-DC transfers forecast to impact on derisking strategies
Investment experts have predicted liability-driven investment programmes could become more tricky since the chancellor gave the green light to transfers from defined benefit to defined contribution, with schemes finding find it more difficult to predict liabilities.
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News
Invensys terminates reservoir trust as surplus grows
Invensys Pension Scheme has exceeded full funding on a technical provisions basis and has taken the unusual step of terminating a reservoir trust that was set up to provide funding security after the employer was purchased.
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News
ETV exercises to rise as government accepts DB-to-DC transfers
Industry experts have predicted the use of enhanced transfer value exercises could increase as employers look to encourage switches out of defined benefit plans in light of the Budget changes, but trustees have been urged to ensure members receive adequate advice.