All Defined contribution articles – Page 137
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NewsDC daily pricing blocking illiquid investments
Liquidity requirements for defined contribution schemes are hampering their investment returns and ability to compete with defined benefit plans on the replacement income provided in retirement, an institutional investor group has warned.
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DWP: Avoid contract v trust governance debate
The government has said a “black and white” debate about differences in governance standards at contract and trust-based schemes is an unwelcome distraction from ensuring high standards across all arrangements.
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NAPF: Young opt-ins biggest auto-enrolment surprise
Employees too young to be auto-enrolled have been a notable group opting in to workplace saving, the National Association of Pension Funds has reported, calling it one of the most interesting aspects of auto-enrolment so far.
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Consultancy charging ban set to hit SMEs
The government’s decision to ban consultancy charges in all auto-enrolment schemes has been broadly welcomed, but the change is predicted to have a big impact on smaller employers.
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Government considers added layer of AE legislation
Pension professionals have welcomed plans for the government to legislate on further minimum standards for auto-enrolment to ensure schemes meet quality benchmarks.
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Prudential scheme sets multi-asset AE default
Prudential Staff Pension Scheme has made some tweaks to its benefits set-up to meet the legislative requirements for auto-enrolment, including setting its multi-asset lifecycle strategy as the scheme default.
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Catering company braces itself for multiple AE spikes
Contract caterer Elior is preparing for a series of peaks during the initial stages of going live with auto-enrolment in July, due to the seasonal nature of its work in the sports industry.
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NewsJohn Lewis campaign curtails AE opt-outs
The John Lewis Partnership has reported an initial 5 per cent auto-enrolment opt-out rate and increased saving interest from teenage employees, after a widespread engagement campaign and membership survey.
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FeaturesReckitt Benckiser reforms comms to engage youth
The household and health products company’s scheme has made a series of changes to its communications as part of a drive to encourage younger and lower-paid members to put away more for their retirement.
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Features
Regulator calls for proportionate DC data requests
Responding to industry criticism, the regulator has told schemeXpert.com it is interested in views on how it could "strengthen" its collection of data from defined contribution (DC) schemes.
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Features
Case study: M&S’s approach to DC retirement
Engagement with members over their retirement date should start when they join the scheme, Marks & Spencer’s (M&S) technical manager has argued.
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FeaturesCo-op battles 95% apathy with tiered AE scheme
The Co-operative Group has managed its risk of employee disengagement from auto-enrolment by introducing a tiered scheme that mixes defined contribution and career average to suit members' needs.
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Features
How to communicate investment fees to members
In the final instalment of the fund fees survey, schemes outline how they educate and update their members on the impact of charges on their investments.
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Features
Large DC scheme benefits from cutting fund choice
A 10,000-member DC scheme has improved its performance and boosted member engagement by slimming down the number of investment choices it offers.
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FeaturesWebb on AE challenges for medium schemes
Video: Pensions minister Steve Webb discusses with Ian Smith the auto-enrolment delays and what should be top of the agenda for medium-sized employers (5:39).
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Features
DC schemes dump trackers for multi-asset funds
Schemes have dropped equity trackers for better performing multi-asset and target date funds over the past five years, according to research published this week.
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Features
IBM fraud scare shows value of data safeguards
The IBM scheme has warned its members about hoax phone calls, underlining the importance of administration and data cleansing to minimise the risk of fraud.
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Features
Molins’ controversial plan to close DB scheme revealed
The FTSE-listed tobacco specialist has announced proposals to make staff chose between a new defined contribution plan or face dismissal in order to reduce its long-term liabilities.
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FeaturesPennon: Separate DB/DC cash to reduce admin risk
As the regulator toughens its demands on hybrid scheme governance, Ian Smith analyses how schemes including Pennon are managing their administration risk through clear separation of defined benefit (DB) and defined contribution (DC) funds.
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Features
Why 83% of Arup members make max contributions
Since setting up a contract-based DC scheme last year, Arup has seen 83% of its members make maximum contributions. Owen Walker discovershow.