All Retirement articles – Page 22
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News
Cultural norms could inform UK DC outcomes, PPI report shows
The Australian experience of defined contribution indicates UK pensioners could deplete their retirement pots too early, a report warns, but experts say what we can learn from overseas systems is limited.
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News
Battle of growth v consolidation in DC market
Pension providers should cut costs by close to a third to capitalise on opportunities in the UK’s defined contribution market, a white paper has said, but consultants questioned the potential for new market entrants.
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Opinion
Two workplace guidance steps to avoid member confusion
Mercer’s Mark Rowlands believes pension scheme members need more than a little advice to help them make the right decisions when nearing retirement.
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OpinionGardner: How to achieve financial security in retirement
Talking Head: Redington’s Rob Gardner questions how we can calibrate investment strategies and saving behaviours with retirement income goals.
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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.
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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.
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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.
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News
Why three in four say they will shun guidance guarantee
Only one in four over-55s intend to use the government’s free retirement guidance service, falling below one in 10 for women approaching retirement, in another sign of the challenge facing the system.
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Opinion
Why annuities still play a crucial role in the post-Budget landscape
The announcement of the retirement reforms sent shock waves through the market last year. But MGM Advantage’s Andrew Tully explains why, where annuities are concerned, there is life in the old dog yet.
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Opinion
How to battle pensions liberation in the new DC environment
Liberation scams are a growing tumour on the pensions industry, offering scheme members access to their money early at the cost of large swaths of their pension pot, or possibly the lot.
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OpinionEditorial: Pensions fortune-telling
A hot topic of conversation last week was Channel 4’s Dispatches programme on the impact of the imminent pension freedoms, as the government launched its Pension Wise guidance service.
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News
How DC savers feel about their retirement options
Most over-55s would prefer a secure guaranteed income for life over all other retirement options, a survey has found, prompting calls for the government’s guidance guarantee to cater to this preference.
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Opinion
Five objectives and five risks for DC
Talking head: Nest’s CIO Mark Fawcett puts together a 10-point framework for DC trustees, arguing for a focus on growth, flexibility and cost, while managing inflation and longevity.
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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
Talking head: Our columnist Ros Altmann gives her take on how next year’s challenges for both DC and DB schemes will be played out, including auto-enrolment, default funds and DB-DC transfers.