All Defined contribution articles – Page 107
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Features
New comms strategy charges up member contributions at Schneider Electric
PLSA Annual Conference 2016: Schneider Electric has overhauled its defined contribution engagement strategy, as research shows that members want solutions that enable them to make decisions and implement them easily.
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News
Pensions bill boosts mastertrust governance
Mastertrusts will be subject to new restrictions on governance and financial stability, along with penalties for failure to supply adequate information, under rules set out in the pension schemes bill yesterday.
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News
Treasury scraps plans for secondary annuity market amid consumer protection concerns
Proposed reforms to create a secondary annuity market have been abandoned due to concerns about consumer protection and value for money.
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Features
Oxford University Press tackles pensions fraud with data matching
The Oxford University Press pension scheme has volunteered to take part in the Cabinet Office’s National Fraud Initiative data matching exercise to help detect and prevent benefit fraud.
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FeaturesEdinburgh University proposes raft of changes to plug scheme deficit
The University of Edinburgh has proposed a number of changes to its defined benefit pension fund to make the scheme more affordable and sustainable, as its deficit has risen by a quarter.
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OpinionHow members' mental health issues affect pension schemes
Any Other Business: Every year 70m working days are lost due to mental health, while a quarter of people consider resigning due to stress, according to the Mental Health Foundation, so how do work-related mental health issues affect pension schemes and employers?
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FeaturesTelefónica rings the changes with pensions modelling tool
A new online pensions modeller is being launched for defined contribution members of the Telefónica UK Pension Plan, but some experts have questioned the benefit of such tools.
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OpinionLifting the curtain on transaction costs
Editorial: The Financial Conduct Authority’s proposals for transaction cost disclosure have been welcomed across the industry, but confusion has crept in over how this will affect trust-based schemes.
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News
Nest drawdown proposals: Competitors fear disruption
The dust has settled on government's call for evidence on the expansion of Nest into the drawdown market, but it seems the war of words between industry professionals is far from over.
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News
DC schemes drown in regulatory change and jargon
Trustees of occupational defined contribution pension schemes are increasingly failing to meet governance requirements due to excessive regulatory change, a panel of industry figures has said.
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News
TPR uses lesser-known power to move scheme into the PPF
The Pensions Regulator has used its voidable modification powers to move a scheme attached to an insolvent employer into the Pension Protection Fund, it reported this week.
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News
FCA lights the way on transparency
‘A big flashing neon light’ marking the direction of travel on transparency has been lit by the Financial Conduct Authority with its proposal to make asset managers disclose transaction costs to defined contribution schemes.
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News
More calls for education as lump sum figures raise questions
Pensions education and default funds must be improved to ensure the success of auto-enrolment, experts have said, as findings raise questions about the risks members are taking.
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News
Advice requirement rules could spell end to consumer confusion
The Department for Work and Pensions last week issued a consultation on draft regulations aimed at simplifying the way safeguarded flexible benefits are valued in relation to the freedom and choice advice requirement.
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FeaturesDHL transition exercise delivers savings for members
Postal and logistics company DHL has saved £2.3m for members of its UK defined contribution pension fund by trading investments between members at no cost following an investment transition.
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News
Select committee inquiry: What should change to safeguard DB?
As the deadline for submitting views on defined benefit to the Work and Pensions Committee has passed, experts say there is a need for greater flexibility, potential benefit reductions and increased powers for the Pensions Regulator.
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Features
Retirees avoid overspending yet more become insolvent
Analysis: New figures suggest defined contribution savers reaching retirement might be overspending and increasing their risk of poverty in later years, but experts warn this could be a false alarm.
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Opinion
Active management of passive funds – a viable strategy for DC?
Since the introduction of freedom and choice, value for money has been high on the agenda for defined contribution schemes. As trustees try to keep on top of costs, could an active asset allocation approach work for schemes with underlying passive funds?
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News
Education and advice needed for future of saving
Closing the advice gap is crucial to preventing poor outcomes, as the need for savers to be educated about what will be necessary for retirement and the risks they face has increased.
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OpinionHow to take some of the worry out of market volatility
Large falls in financial markets have the potential to seriously knock the confidence of defined contribution savers. A 2014 DC member survey, for example, underlined a troubling degree of aversion to sudden falls in pension savings.