All Defined contribution articles – Page 13
-
NewsTriple lock: UK earnings surge will push state pension payments up by £900 a year
Average earnings data published by the Office for National Statistics (ONS) for May to July 2023 showed earnings growth of 8.5 per cent, a figure that will be used to set the state pension increase under the triple lock rule.
-
NewsNine out of 10 UK workers have an unclaimed workplace pension, new research warns
Importance of keeping up-to-date with pension pots is highlighted as part of Pension Awareness week.
-
NewsThe great ‘unretirement’ gathers pace
Data from the Office for National Statistics (ONS) showed the employment rate is 71.3 per cent for 50 to 64-year-olds compared to 72.5 per cent in 2019.
-
OpinionPensions Expert webinar: How can DC schemes support savers?
We look at how DC plans and employers can support scheme members; the different options available and how they can be used in the most effective manner.
-
NewsDecumulation call for evidence: Communication is key if scheme members are to be more informed
Industry says DWP call for evidence to help savers make informed decisions was overdue but more work is needed to communicate any enhanced options to members.
-
NewsFears over DWP’s plans for central registry to end proliferation of deferred small pots
The PMI and ACA are among industry bodies urging the government to consider a clearing house system.
-
NewsCyber attack is a risk like any other – so manage it
In March, Capita suffered a cyber breach at the hands of the Black Basta ransomware group. Around 90 organisations, including pension schemes such as the USS and Axa, have reported personal information breaches.
-
NewsStop blaming victims for pension scams and fix the system to expose them
Pensions scams are being woefully underreported because the reporting structure is not fit for purpose, according to Margaret Snowdon, chair of the Pension Scam Industry Group (PSIG).
-
NewsThe power of inertia now threatens the future of pension saving
Levels of trust in pensions and the companies that provide them are at a worrying low, according to analysis of the Financial Conduct Authority’s (FCA)Financial Lives Survey from consultancy Broadstone.
-
NewsTPR publishes guidance for DC schemes seeking better value for members
Guidance to help defined contribution (DC) schemes comply with new regulations to ensure they consider all the investment opportunities available to achieve best value for savers has beenpublished today by the Pensions Regulator (TPR).
-
NewsMansion House reforms build momentum behind CDC
Collective defined contribution (CDC) is proving the most popular of the Mansion House ‘reforms’, with more than a third (36%) of trustees and sponsors finding it the most attractive, according to Aon.
-
NewsSPP: Decumulation reforms must build on successes of auto enrolment policies
The Society of Pension Professionals (SPP) has issued feedback to the the Department of Work and Pensions (DWP)’s consultations on small pots and helping savers understanding their pension choices/decumulation.
-
OpinionAnnuities for the DC generation
Standard Life’s Claire Altman considers the future of annuities for the DC generation, arguing that in future savers will look for ‘blended’ solutions.
-
NewsMaPS corrects potentially dangerous omission, but keeps Mum about it
The Money and Pension Service last week published an updated version of its “Your Pensions, Your Choices” guidance booklet, which is typically sent to every individual as they approach their retirement.
-
NewsPDP: update on reset and there are no failures, merely challenges
The Pensions Dashboards Programme (PDP) has published an update on its ‘reset’, the term it has adopted for the latest delay to its programme.
-
NewsLiving on your own in retirement is bad for your wealth
New research from Standard Life shows that single people need an additional £160,000 compared to pensioner couples who can share costs.
-
NewsPensions awareness campaign back for its 10th year
Pensions Geeks has announced that its 2023 pensions awareness campaign will take place from 11th to 15th September 2023.
-
NewsSurvey says: 3/10 savers prefer CDC pension to annuity or drawdown
Almost one third (30%) of defined contribution (DC) savers in the UK said they would prefer a collective defined contribution (CDC) pension as a decumulation option at retirement, above the options of an annuity or drawdown.
-
OpinionRome wasn’t built in a day: Neither is a pension
Encouraging scheme members to contribute more into their pension means empowering them to understand the implications of that increase, argues Ashley Staples.
-
NewsA third of DC pension members 'have no idea' how much they have saved
A third of savers contributing to a defined contribution scheme have no idea how much is in their pension pot, according to analysis of FCA data by consultancy Broadstone.