All Defined contribution articles – Page 100
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News
Employer contributions key to AE popularity with millennials
Recent research has shown that millennials are welcoming auto-enrolment, prompting industry figures to highlight the positive role of employer contributions and the continued need for improved understanding of retirement saving.
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OpinionThe corporate view: Final salary, Care or DC?
The demise of the final salary pension scheme has been well documented in the press. Most employers have put in place a defined contribution scheme to comply with their duty to automatically enrol employees, but does that really reflect the corporate attitude to pensions?
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NewsScottish Widows switches DC defaults to target drawdown
Scottish Widows has changed the default investment strategy of its group personal pension plan clients to target flexible access drawdown instead of an annuity, as member demand continues to shift away from guaranteed income.
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NewsJ&J finds remedy for MNT recruiting ailment
Johnson & Johnson’s wide-ranging communications campaign encouraging scheme members to stand as trustee candidates shows it is possible to find “good quality” member-nominated trustees.
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Features
Mastertrusts and platforms: A match made in heaven?
Analysis: Greater efficiency and the ability to access a broader range of investments are some of the reasons why mastertrusts appoint third party investment platforms, but as with all providers, monitoring is key, experts say.
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OpinionWhich retirement option should your default strategy target?
While the question of what a default option should target is a valid one, it implies a couple of common misconceptions.
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FeaturesBayer latest scheme to move to mastertrust
Pharmaceutical company Bayer has closed the defined contribution section of its pension plan and transferred members to a mastertrust, a move experts say has become increasingly common in recent years.
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News
Trustee pay falls as workload ramps up
The average pension scheme trustee is being asked to dedicate more working days than ever to the running of a scheme, and is being paid less to do so, a survey released on Thursday has suggested.
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News
Calls for action on complexity at heart of DB transfer delays
Increased demand for defined benefit pension transfers, lack of transfer experience among independent financial advisers and complexity of DB pensions is adding to transfer delays by putting strain on administrator resources, recent research has shown.
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OpinionPractical steps for improving DC savings
These are difficult times for pension savers. The long-term transition away from defined benefit, combined with low wage growth, increased life expectancy and lukewarm market outlooks, means many will find it challenging to achieve the kind of retirement they desire.
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OpinionWhy people turn to equity release for retirement income
Analysis: Statistics show equity release is becoming more popular, but is it the right answer for property owners with inadequate pension provision?
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News
More people accessing freedoms, but industry image concerns remain
The number of people taking advantage of pension freedoms increased in the second quarter of this year, but while this signals an increased awareness of freedom and choice, experts say there is still a need to improve trust in the industry.
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News
Now Pensions withdraws from mastertrust assurance list
Now Pensions has removed itself from the Pensions Regulator’s list of schemes that have obtained mastertrust assurance for automatic enrolment, citing historic problems processing client contributions.
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OpinionHow to prepare for the FCA's assessment of transfer advisers
From the blog: Pension transfer advisers are stuck between a rock and a hard place. The Financial Conduct Authority is taking an intrusive and robust approach to regulating the industry, in many cases closing down businesses because they are not satisfied with their advice and methods.
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News
Life events key to engagement, report finds
Moving house, getting a job or starting a family could be the best moments to get people saving, a new report says, but stresses the risks of engagement and continued role of default options.
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NewsRetail platforms review could be 'benchmark' for institutional side
The Financial Conduct Authority has kick-started a review into retail platforms to understand if the fast-growing market provides value for money to consumers, as some have called for extending its scope to the institutional side.
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News
FCA cites ways to crank up consumer protection amid competition concerns
The rising number of consumers who buy drawdown without advice has given prominence to the need for greater support and protection, says the Financial Conduct Authority.
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Opinion
How will the DGF market develop?
Will the diversified growth fund sector grow or shrink? And do illiquid assets have a role to play in DGFs? Shuntao Li from Barnett Waddingham, Percival Stanion from Pictet Asset Management, Murray Taylor from JLT Employee Benefits, Neil McPherson from Capital Cranfield and Naomi L’Estrange from 2020 Trustees discuss how the market is likely to develop.
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News
Taylor review urges action on increasing AE coverage
The Matthew Taylor Review of Modern Working Practices highlights ways in which self-employed people could be helped to save for retirement, but questions remain.
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News
Default offerings fail to inform savers adequately
More than a third of default fund providers are failing to meet regulatory guidance asking them to clearly state their product’s objective, according to a new report that highlights communications failings in the sector.