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Latest DC news
Poor default offerings could ‘undermine trust and widen generational gap’
Two professional trustees have written an open letter warning the industry of dangers lurking in default strategies that do not adequately reflect the views of their members.
Study shows savers are shunning advice over pension freedoms
A decade on from the introduction of pension freedoms, more research has emerged showing that a growing proportion of pension savers are taking no advice or guidance at all before accessing their retirement savings, despite a lack of understanding of the decisions and options available.
DC retirees risk running out of savings without major reforms, warns IFS
A major new report has called for the government to reform its regulations to support DC savers in retirement.
TPR could reduce master trust capital reserves amid drive to cut regulatory burden
Most master trusts are profitable and less likely to fail than they were when the regulatory regime was established in 2019, according to the regulator’s chief executive.
Three quarters of pension savers lack access to adequate technology from providers
New research from Bravura Solutions unearths a worrying lack of pensions technology that is hampering engagement.
Collective defined contribution news
Megafunds plans could thwart growth of collective DC, AMNT warns
Trustees have warned that the government’s drive to consolidate defined contribution pension schemes could lead to “herding” and a focus on reducing employer costs at the expense of member outcomes.
Outlook 2025: The pensions industry’s wishlist for the new year
Pensions Expert spoke to six major industry groups to find out what they want to see happen in 2025, from the Pensions Review and the Pension Schemes Bill to trustee powers and improvements to member outcomes.
The year ahead: What to expect, and what needs to happen
Gateley’s Michael Collins outlines 10 key developments to watch out for in 2025 across the pensions industry.
High interest in CDC pensions, survey reports
Four in 10 DC pension schemes say they are “very likely” to introduce a form of collective risk-sharing in the future once legislation allows.
More DC news
Scottish Widows embeds sustainability into new lifetime pension offering
Scottish Widows has revamped its largest default fund to target a higher exposure to growth assets and embed sustainability targets.
10 years of pension freedoms: How people are accessing their retirement savings
A decade on from the introduction of pension freedoms, new research reveals that many eligible savers opted to withdraw from their pension under these rules without seeking any advice at all.
Pension Investment Review seeks scale – but not at any cost
The Pensions Investment Review will not undermine freedom of investment choice, nor will it threaten fiduciary duty, according to the person overseeing the project for the Treasury.
What Canada’s pension funds can teach UK DC ‘megafunds’
There is no such thing as a Canadian pension fund model, according to an international pension and investment expert at the Pensions and Lifetime Savings Association’s investment conference.
Comment and opinion
The concerns of Gen Z and the changing landscape for retirement saving
A decade of ‘freedom and choice’: Time to rethink advice provision
Pension transfers: A year of lessons and the road ahead
How salary exchange can improve women’s retirement outcomes
Pension scheme growth requires a flexible approach
Breaking up is hard to do: Managing master trust moves