All Defined contribution articles – Page 123
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Opinion
Is Webb's cashing-in annuities plan a blessing or curse for savers?
Pensions minister Steve Webb recently called for retirees to be able to cash in or swap annuity providers in much the same way homeowners can currently switch their mortgage rate.
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News
Pension tools not up to scratch for post-April flexibilities, say experts
Communication experts have called for schemes to avoid jargon and break down complexity in online illustration tools, as research reveals wide variation across offerings and patchy understanding of reforms.
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Opinion
NAPF: There are still too many unknowns on pension 'freedoms'
It’s the final countdown for the implementation of the 'freedom and choice' reforms. However, with only around 30 working days and counting until the reforms go live, time is rapidly running out.
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Features
Does your pension scheme work for younger savers?
Young people's participation in pension schemes is on the up, thanks largely to auto-enrolment, challenging their managers to plug into the needs of their changing membership profiles.
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Opinion
The DC Debate – how an election will impact upon UK pensions
In the first quarter of 2015, our debate panel members explain their hopes, concerns and predictions for defined contribution savers and their schemes in the year ahead.
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News
DWP opts for network of registers to facilitate PFM transfers
The government has revealed further detail on its long-awaited federated model for pension consolidation, as it moves to take the infrastructure development process to the next stage.
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News
Fund management body sets out charges disclosure plan
Industry experts have welcomed proposals on charges and transaction costs from the Investment Association, but warned trustees should not make fees their only focus.
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News
Default fund design hamstrung by lack of behavioural data
Defined contribution experts have said a lack of sufficient data on members’ likely reaction to April's pension flexibilities is leaving default fund design in a state of limbo.
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Opinion
Altmann: Don't abandon member safeguards in DB-DC transfers
Allowing people to decide for themselves how best to use their pension savings is broadly welcome.
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News
Regulatory overhaul creates 'perfect storm' for DC schemes
Defined contribution schemes were hit with a slew of regulation last week across contract-based and trust-based provision, as the government and the City watchdog attempted to unify standards in these two areas.
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News
Jaguar Land Rover drives down DC charges by a tenth as cap bites
Carmaker Jaguar Land Rover has cut its defined contribution scheme charges by 10 per cent as the imminent fees cap pushes down costs for savers across trust and contract-based schemes.
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Features
How UK mastertrusts are designing DC benchmarks
The growing mastertrust sector has created a range of investment benchmarks, but pressure to demonstrate value has led consultants to call for more focus on performance yardsticks that reflect scheme memberships.
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News
AE concerns grow as non-compliance jumps
Consultants have called for increased efforts to break down the complexities of auto-enrolment for smaller employers as data from the Regulator revealed a sharp increase in non-compliance actions in the final three months of last year.
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Opinion
Why annuities still play a crucial role in the post-Budget landscape
After the Budget, a number of commentators lined up to proclaim the changes would mean the end of the humble annuity – and there is no doubt annuities have had a bashing over the past few years.
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Opinion
What Malcolm in the Middle says about our retirement prospects
We've been talking about it for nigh on a year now, but a report released by the National Association of Pension Funds today paints a detailed portrait of the decision-making paralysis facing many in the 50-70 age group at retirement.
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News
Study forecasts DC market tripling by 2024, led by TDFs
A market report has predicted defined contribution pensions will triple in size to £787bn within the next decade with target date funds leading the way, but its bullish growth predictions have been questioned.
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News
Webb backs mastertrusts to lead CDC vanguard
Pensions minister Steve Webb has signalled support for mastertrusts delivering a collective defined contribution option for members, at a Trades Union Congress conference on Wednesday – but at least one of the large mastertrusts has rejected the idea.
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Opinion
Will risk-sharing schemes ever take off in the UK?
The current pension schemes bill introduces a new shared-risk arrangement, in which at least some of the benefits can be provided through collective defined contribution plans. But what would the real-world application mean in the UK pensions market?
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Opinion
How to battle pensions liberation in the new DC environment
Liberation scams are a growing tumour on the pensions industry, offering scheme members access to their money early at the cost of large swaths of their pension pot, or possibly the lot.
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News
Airport operator to offer flexible drawdown from April
Manchester Airports Group will offer its 2,500 defined contribution scheme members flexible drawdown by the time April's pension freedoms kick in, allowing them to access their savings without having to leave the scheme.