All Contributions articles – Page 31
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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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News
Almshouse scheme doubles members in AE comms drive
Whiteley Pension Scheme has doubled its scheme membership in a ‘buy now while high contributions last’ approach to pre-staging communication that has become popular among schemes wanting to boost employee saving.
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News
Charities await guidance to reduce liability squeeze
Not-for-profit employers that belong to multi-employer schemes are waiting for further guidance on dealing with debt risk that could trigger insolvency.
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Opinion
The DC Debate – ensuring value for new savers in 2014
This quarter’s DC debate focuses on how to strike the best risk and return balance for defined contribution savers in a fragile but recovering global economy.
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Features
Plumbing scheme offers lower contribution rate to tempt employers
The Plumbing and Mechanical Services Industry Pension Scheme will offer a lower contribution scale to new employers joining the career average scheme, to help it compete with defined contribution arrangements.
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News
United Utilities ups interest rate hedge after hitting trigger
United Utilities has increased interest rate hedging in its defined benefit schemes in order to reduce risk, working towards its target of full protection against interest and inflation rate fluctuations.
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Features
M&S sizes up auto-escalation to improve outcomes
Marks and Spencer is considering what auto-escalation could do to improve member outcomes as it looks to raise the quality of its provision following auto-enrolment.
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News
Managers endorsing DC auto-escalation could face scheme tailoring challenge
News analysis: More than half of employers back auto-escalation schemes as a way to increase employee contributions, according to new research, but they may face challenges in tailoring contribution rates to members.
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Features
Managers' examples on reducing risks from 2013
Year in review: Pension managers and trustees took a variety of measures to protect their members' benefits, Pensions Week reported over the past year, from more efficient administration software to covenant safeguards.
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News
Mid-sized charities heading towards 'poor' value AE
News analysis: More than half of small and medium-sized charities yet to auto-enrol have schemes with annual management charges greater than 0.5 per cent and face enrolling into “poor value” schemes, according to a report.
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Features
Tyne and Wear considers discount rate change to improve funding
Tyne and Wear Pension Fund has considered changing the way it sets the discount rate used to calculate its liabilities, to prevent its funding level falling and large increases in employer contributions.
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Features
Care provider offers staff AE contribution reprieve
A social care provider is temporarily rolling its cash-in-lieu-of-pension contribution into its auto-enrolment structure, so employees will not have to pay anything in until 2018.
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Opinion
Five ways to retain your auto-enrolled members
What can be done to encourage those who have been auto-enrolled to stay in and engage with their pension schemes?
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News
FDs urged to collaborate with trustees on DB deficits
Finance directors are making a “big mistake” if they think they can get defined benefit liabilities off their balance sheets without collaboration with trustees, a scheme manager told delegates at the 2013 NAPF conference.
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News
MNOPF increases contributions to secure benefits
The Merchant Navy Officers Pension Fund has increased employer and member contributions to the new section of its defined benefit scheme to strengthen its ability to pay future benefits.
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Opinion
A scheme guide to AE contribution requirements
If a money purchase scheme is being used for auto-enrolment purposes, it will need to meet the following three quality requirements:
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News
BofA scheme boosts member engagement to give greater retirement certainty
Bank of America Merrill Lynch UK Pension Plan has upped member engagement through online tools that enable workers to make changes to their pension plans, to give them greater certainty over their retirement income.
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News
How to close your scheme's comms gap
News analysis: Employers have been urged to better educate staff about their workplace pension plan, as new research has found more than a third of employees are still unaware of auto-enrolment.
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Opinion
Schemes are not obliged to prop up UK economy
Figures for the first quarter of this year showed that business investment had fallen again, from its already very low level.
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Opinion
Editorial: Freedom from want
The reaction to last week’s TUC report on state pension reform understandably focused on the results which, the union held, supported its claim that £144 a week would leave the “vast majority of people” worse off.