All Retirement articles – Page 19
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OpinionInaction on retirement defaults puts members at risk
From the blog: When discussing retirement pathways, the industry needs to ask itself two key questions: what is the goal of auto-enrolment, and what does success look like?
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Features
Has the industry kept its promise on at-retirement innovation?
Analysis: When the Department for Work and Pensions allowed the industry to block mastertrust Nest from entering the drawdown market in 2017, it did so with a proviso; the industry had to drive innovation itself.
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Opinion
Has auto-enrolment come of age?
Since its inception almost six years ago, auto-enrolment has succeeded in relying on inertia to help more people save for retirement, that much is clear. Uncertainty and a need to build on this success, however, remain.
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News
Default drawdown tops select committee's at-retirement wishlist
Providers of drawdown products should be required to develop charge-capped default products to help disengaged savers make their pension last, the Work and Pensions Committee has recommended.
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News
TUC cautions over ‘pensions lottery’
The Trades Union Congress has today said that workers face a “pensions lottery” upon retirement.
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FeaturesDelivering the ill health pension
Any other business: Illness is an unconventional path to a pension transfer. But for the thousands of employees every year rendered unable to work through sickness, surviving financially through the mercy of an early pension might make all the difference.
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News
Third wave of strike action called at Fujitsu
IT giant Fujitsu is set to dismiss a union representative who has previously spoken out against changes made to the company's pension provision, sparking a third wave of strike action by employees.
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OpinionPension freedoms need added support for savers
We all enjoy having control over our financial future, writes Nest’s Gavin Perera-Betts, but introducing default retirement pathways could be the surprise present we need most this year.
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News
UK has lowest net replacement rates of average earners in OECD
A new report has highlighted markedly low replacement rates for UK savers amid increasing pensioner poverty due to ill health, emphasising the importance of increased saving into private pensions.
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OpinionEnd retirement confusion with clear savings goal
People should be given a target for their retirement savings, says the Pensions and Lifetime Savings Association’s George Currie.
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OpinionOvercoming behavioural biases in retirement saving
Applying behavioural interventions in a simple and personalised manner could generate more optimal savings decisions, says Columbia Threadneedle’s Chris Wagstaff.
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OpinionHow to offer real freedom and choice
Nest’s Gavin Perera-Betts explains the need for pre-set retirement options to help savers.
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OpinionIt's time to put our faith in experts
From the blog: The transfer market has been frantic with activity since the introduction of pension freedoms in 2015. Around £50bn has been cashed out of company pension schemes over the past two years, according to Mercer.
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NewsFujitsu could see more strikes in jobs and pensions dispute
Union Unite is preparing to reballot employees at ICT company Fujitsu on strike action, in a long-running dispute that – among other things – involves a change to the ICL defined benefit section’s late retirement factor.
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NewsEquity release plans hit record levels
The value of equity release plans surged past £800m in a single quarter for the first time in Q3 2017. The 9,905 new plans agreed between July and September represent a 34 per cent rise from Q3 2016.
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NewsRecreation and retirement do not go hand in hand, say experts
PLSA Annual Conference 2017: The association between retirement and a luxurious lifestyle of holidays is financially unsustainable and should be challenged, say experts, as the industry considers how to improve saving rates.
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NewsPLSA proposes national retirement income targets
The Pensions and Lifetime Savings Association has suggested the introduction of Australian-style national retirement income targets in its latest consultation paper.
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OpinionWe can make pensions both affordable and adequate
Pensions Expert 20th Anniversary: Governments need to strike a balance between affordability and adequacy if they are to avoid problems in the future, says the International Longevity Centre’s Brian Beach.
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News
DC savers want compulsion, research shows
Members favour scrapping the option to opt out of auto-enrolment minimum contributions, recent research has found, as experts highlight the need for better guidance around the levels of saving required for retirement.
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News
Select committee probes pension freedoms as concerns grow
The Work and Pensions Committee is launching a new inquiry into the pension freedom reforms, asking whether changes are required to better achieve the policy’s objectives.