All annuities articles – Page 11
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News
Early engagement key to guidance success, managers say
Pensions managers at two leading UK employers have called on schemes to communicate with their members well in advance of their retirement age, as schemes react to the government's guidance guarantee.
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News
SME 'genuinely worried' about Budget impact on engagement
A British manufacturer has raised concerns about how the greater retirement flexibility announced in the Budget will impact the success of workplace saving and auto-enrolment, saying employees will need more help to navigate the system.
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Opinion
Auto-annuity purchase is dead – here's how providers will respond
What now for annuities? The new pension freedoms mean the days of automatic annuity purchase for defined contribution plans are over.
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News
Greater DC flex forecasted to raise member savings
Increased at-retirement flexibility for defined contribution members introduced by the Budget may lead to higher member contributions, experts have predicted, which could put pressure on some employers' pension structures.
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OpinionEditorial: Here's the choice you wanted
To annuitise or not to annuitise? The debate rumbles on, with successive reports predicting a fair deal of doom for the vendors of the old normal.
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Opinion
What overseas DC systems can tell us about the post-Budget landscape
The retirement flexibility brought about by the Budget has left many schemes wondering how to best implement the at-retirement options.
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News
Consultants expect DC flexibility to drive DB member transfers
Defined benefit schemes could see a short-term increase in requests from members to switch their benefits into defined contribution schemes, due to potential government plans to restrict such transfers, benefit consultants have predicted.
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Features
Budget prompts schemes to revisit lifestyle and annuity options
Schemes that default members into annuity brokerage services are considering the implications of last week’s Budget announcement, with calls for the rules around income drawdown to be simplified.
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NewsBudget 2014: How historic DC changes affect your scheme
News analysis: Defined contribution scheme managers and trustees have seen their default investment strategies rendered “not fit for purpose” by this week’s historic Budget changes, which have fundamentally changed the run-up to retirement for workplace savers.
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News
Education key as employers stretch to reach pension goals
News analysis: Companies need to better educate staff to encourage responsibility for pension saving, as research has highlighted a misalignment between employers’ goals and the outcomes of their defined contribution plans.
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OpinionEditorial: Your puzzle awaits
You wait a lifetime for proposals to reform the retirement income market, and then suddenly three come along at once.
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News
FCA review prompts calls for trivial commutation increase
Industry figures have called for an increase to the trivial commutation limit after a Financial Conduct Authority report found small-pot holders were more likely to get a bad annuity deal.
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News
Annuity brokering grows as managers seek value for savers
News analysis: Nearly half of schemes have or are planning to put in place annuity brokering services for their members, but experts warn this may not be enough to achieve value at retirement.
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News
How to build the pension income builder
News analysis: Industry experts have been exploring how the government’s preferred risk-sharing scheme design could work in practice, whether through a not-for-profit, mutual or insurance provider set-up.
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OpinionHow to ensure your members get the best value at retirement
The annuities industry has come under increasing fire from all corners of the industry – but there are concrete steps that pension professionals can take to help members get value at retirement.
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News
Schemes told to offer annuity brokerage
News analysis: The shadow pensions minister has urged schemes to take a role in providing annuity brokering advice to ensure greater member purchasing power, but industry figures have raised concerns over how this could be implemented.
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News
Employees being left in lurch over annuities
An annuity purchased from the proceeds of a pension scheme is a major source of retirement income for many people. With auto-enrolment, that is increasingly the case.
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News
What the ABI’s annuity tool means for your scheme
The Association of British Insurers' annuity comparison tool has been welcomed as a step forward for transparency, but experts have said more can done to get members the best deal.
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Opinion
Crucial retirement tools to benefit your members
Members of a defined contribution pension scheme need to be actively involved throughout their working life to make investment and contribution level decisions, and it gets increasingly important as retirement approaches.