All Retirement articles – Page 24
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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
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.
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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
Many young people will not actively manage savings. That’s okay
BlackRock’s Paul Bucksey explores whether defined contribution pension scheme savers understand investment risk – and when this knowledge level begins to matter.
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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.