All Retirement articles – Page 22
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Opinion
Five objectives and five risks for DC
Before the 2014 Budget, investment objectives for defined contribution schemes were relatively straightforward.
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News
Secondhand annuities could offer DB funds income, but pricing tricky
The pensions minister’s proposal to allow retirees to cash in annuities could suit defined benefit schemes eager to access the resultant long-term cash flows, but pricing “secondhand” annuities could be a sticking point.
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News
Nest, M&S and Kingfisher in 2014's top post-Budget case studies
The chancellor's 2014 Budget in March sparked off a year of almost unprecedented change in pensions, seeing an immediate response from some employers on providing retirement flexibility.
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NewsOmbudsman's RBS ruling builds pressure on scheme comms
Pension schemes have been encouraged to increase the pre-retirement education given to scheme members, after the pensions ombudsman found the RBS Group Pension Fund “failed in [its] duty of care" to one member.
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NewsM&S weighs drawdown option for mastertrust members
Retailer Marks & Spencer is exploring offering drawdown to its defined contribution scheme members, as the industry readies itself for April's retirement flexibilities in a tough market for annuities.
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Opinion
Why the FCA's piecemeal action could push people back towards annuities
Will the Financial Conduct Authority's investigation of the annuities market never end? Even today's market study, and accompanying review of sales practices, will preface further work – by providers this time.
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Opinion
Three points you may have missed from the OECD report
The OECD's 2014 study into established pensions markets has concluded that changes to auto-enrolment scheme design, including tougher rules on opting out could improve UK coverage rates overall.
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Opinion
Altmann: 2015 set to be another big year for pensions
After the stunning revolution in pensions during 2014, the implementation of many of the new freedoms and flexibilities will begin during 2015.
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Opinion
Many young people will not actively manage savings. That's okay
The growth of defined contribution pension plans means millions of British people with little or no experience of investing are, or will soon be, responsible for their own retirement planning. Yet most of them are blissfully unaware of this.
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News
BT reboots flexible retirement with safety mechanism
BT has reactivated its flexible retirement option following a controversial review, adding a requirement for members to seek advice to ensure they understand its impact on their benefits.
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OpinionEditorial: Just around the corner
The level of calm within a given pensions department ahead of the advent of the new pension freedoms is probably related to how well you know your scheme membership.
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Opinion
Treasury: Employers will play a key role in signposting guidance
Talking head: Economic secretary to the Treasury Andrea Leadsom explains the importance of legislation that requires providers and employers to guide people to the best individual pensions advice.
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News
Schemes face dilemma on annuity brokering services ahead of April
Employers that have put in place annuity brokering services for their defined contribution scheme members have been called upon to rip up or review these set-ups to make sure they are giving savers an adequate view of the market.
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Features
HSBC plans cash lifestyle default for ex-DB members
HSBC Pension Scheme plans to default members of its defined benefit section to its cash lifestyle fund following the closure of the section in July next year, as part of a wider post-Budget review of its defined contribution arrangements.
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Features
Warburtons kicks off three-pronged comms strategy
NAPF Annual Conference 2014: Warburtons, the UK’s largest bread baker, has this year launched the first of a three-part plan to boost engagement among a new swath of pension savers.
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Opinion
The pros and cons of offering drawdown to your members
In the latest edition of Informed Comment, Aon Hewitt’s Jan Burke considers those scheme members for whom drawdown might be appropriate, ahead of April’s pensions changes.
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Opinion
How to use your DGF in a post-Budget environment
Kevin Frisby from LCP, JLT Investment Consulting's Allan Lindsay, Axa IM's Yoram Lustig, HR Trustees' Giles Payne, Aon Hewitt's Ryan Taylor and Bruce White of LGIM discuss how schemes can invest in DGFs in the post-Budget environment, in the final instalment of a four-part panel discussion.
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OpinionEditorial: Don't spend it all at once
The debate rumbles on. Will the annuity make the best comeback since Lazarus? What should we make of this grand shove into drawdown?
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Opinion
NAPF: Time to take stock
Talking head: The NAPF’s Graham Vidler looks forward to its annual conference, as schemes confront the challenges left in the wake of the so-called saver’s Budget.
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News
Budget flexibilities fail to spur DB transfer interest
Predictions that the Budget flexibilities would lure members out of defined benefit pension schemes have so far proved unfounded, as data show no uplift in the proportion requesting transfer value quotations.