All Defined contribution articles – Page 128
-
Opinion
Five comms tips to get DC savers contributing more
It is estimated that auto-enrolment will increase the number of individuals enrolled in defined contribution workplace pension schemes by around 8m by 2018.
-
Opinion
The Budget changes were dramatic, surprising and good for DC
On March 19 I left home as a worker in the pensions industry, and 10 hours later I returned, shaken, shocked and working in the lifetime savings industry.
-
Features
How the DA pensions bill could affect your scheme
Schemes have been left pondering how their benefit structures would be considered under the the government’s latest pensions bill, which codified three types of pension scheme, including “shared risk” schemes.
-
Opinion
How to predict member outcomes in the new normal
Myriad products could help grow pension savers’ assets following the Budget changes, but caution is recommended.
-
Features
How JPMorgan and RBS give DC members retirement flexibility
JPMorgan and Royal Bank of Scotland are working to offer members of their defined contribution schemes flexibility in how they access their retirement savings, in light of the Budget reforms.
-
Opinion
In defence of the regulator's DC code, six months on
It is now six months since the Pensions Regulator’s final defined contribution code of practice and regulatory guidance were published.
-
News
Fifth of smaller employers failing to prepare for AE
One in five small businesses are not currently preparing for auto-enrolment, research has shown, as concern grows around smaller employers’ ability to comply with the legislation.
-
FeaturesTrinity's second bite of comms cherry gets 60% hit rate
The £100m Trinity Mirror Pension Plan’s second attempt at a communications exercise to encourage additional contributions, to make up for the employer's decision to reduce payments, resulted in a 60 per cent take-up among the 1,000 members targeted.
-
NewsAMNT: Oz-style 'supers' could emerge from latest UK reforms
The Association of Member Nominated Trustees has said ‘to-and-through’ retirement options could pave the way for Australian-style superannuation schemes, if employers are willing to take on any additional governance burden that a post-retirement commitment could create.
-
News
Collective schemes to be enforced by valuation and reporting framework
Collective schemes – which pool members’ assets and risk – will have to comply with new valuation and reporting requirements, under initial proposals outlined yesterday in the Queen’s Speech.
-
Opinion
Why a lack of detail is holding up the defined ambition debate
Today, the Queen set out the government's legislative plan. Pensions were expected to take centre stage, with proposals for collective defined contribution schemes expected to be announced.
-
News
Transfer industry: pot-follows-member transfers can cost just £1
Pension transfer systems have countered concerns raised by industry figures that implementing pot-follows-member could result in high costs, which may be passed onto members.
-
Opinion
Webb makes bid to secure legacy with CDC
This week’s Queen’s Speech will bring about further reforms to the pensions’ landscape focusing on collective defined contribution proposals, according to reports.
-
News
Industry calls for better DC risk guidance to hit target outcomes
Industry figures have called for better guidance for defined contribution members to help them choose the appropriate level of risk pre-retirement to achieve their target outcomes.
-
News
PPF assesses out-of-cycle valuations for schemes affected by 'money purchase' definition
The Pension Protection Fund launched a consultation last week to assess the material change in risk to the lifeboat brought about by the changes to the definition of money purchase benefits, which will come into force later this year.
-
Opinion
How to predict member outcomes in the post-Budget world
The 2014 Budget gave pensions savers and plans considerable new flexibility in arranging their retirement incomes.
-
Features
Mercer parent shuts DB scheme to equalise benefits
Marsh & McLennan Companies, the US-based parent of global consultancy Mercer, has decided to close its UK defined benefit scheme to future accrual in a stated attempt to create a level playing field between employees.
-
News
Managers boost pre-retirement risk to match DC flexibility
Providers are revising products offered to defined contribution pension scheme members to incorporate greater risk in the decumulation phase, as a result of the greater flexibility afforded by the Budget.
-
Opinion
Regulator's corporate plan: AE, funding, and trustee training
The Pensions Regulator has laid out its corporate plan for the next three years, in which it sets out plans to review its approach to ensuring high standards of governance and administration for schemes. It will also seek to improve the knowledge and understanding of trustees.
-
Opinion
Regulator: Where DC schemes are failing legal minimum
Retirement savers rightly expect that the money they have put away for later in life will be carefully managed by competent people with their best interests at heart.