All Defined contribution articles – Page 14
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NewsRetirement advice: Fewer than one in five savers used Pension Wise
Less than a quarter of over 55s who had started accessing their pension took advantage of the government's free, independent and impartial guidance service Pension Wise, the Financial Conduct Authority has revealed.
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NewsAuto enrolment: Could removal of £10k trigger help low earners save more into a pension
A research report commissioned by the Pensions and Lifetime Savings Association (PLSA) and carried out by the Pensions Policy Institute (PPI) looked at whether removing the £10,000 auto enrolment earnings trigger could help the UK's low earners save more into their pension.
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NewsPension schemes urged to get on board with ABI/PLSA #pensionattention campaign
The Pensions and Lifetime Savings Association (PLSA) and the Association of British Insurers (ABI) will team up again this September to call on the public to pay their pension some attention.
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NewsPensions Management Institute elects new president
The Pensions Management Institute (PMI) has elected Robert Wakefield as president following it 47th Annual General Meeting (AGM).
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People NewsNest CEO Helen Dean steps down
Helen Dean CBE, one of the architects of auto enrolment, is to step down as Nest CEO after nearly eight years in the role.
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NewsWhy auto enrolment only guarantees the most basic of retirement incomes
Even those who save the minimum amount into their pension for over 40 years will not have enough to secure the Pension and Lifetime Savings Association's (PLSA) retirement living standards ‘minimum’, ‘moderate’ or ‘comfortable’ retirement as a single pensioner.
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NewsMaPS forced into about turn on revision of pensions guide
The Money and Pension Service (MaPS) has revised a key pensions guidance document over concerns it could lead to non-UK residents facing an unexpected tax bill.
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NewsACA: HMRC must give greater clarity to avoid "pensions limbo" for DB schemes and members
The pensions industry requires greater clarity from government departments, if defined benefit (DB) schemes and members are not to find themselves in a “tax limbo”, warned the Association of Consulting Actuaries (ACA) this morning.
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NewsMulti-employer CDCs discussed at TPT roundtable events
TPT Retirement Solutions has held roundtable discussions with interested businesses on launching multi-employer collective defined contribution (CDC) schemes.
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NewsPrivate equity or bust? Why the Mansion House pension compact needs detail and circumspection
Is the private equity push a headline-grabbing stunt or a forward-thinking initiative that could help boost both the UK economy and savers' pots?
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NewsLTA tax proposal is 'bombshell' for untouched pension pots
The government appears to be backtracking on the ability to inherit pension pots tax-free, according to LCP.
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NewsMaster trusts: TCFD reports 'almost impossible' to compare
Taskforce for Climate-related Financial Disclosures (TCFD) reports need to be beefed up and made more relevant, a report by the Defined Contribution Investment Forum has found.
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NewsFears for pension savers as tax-free cash is gobbled up by debt
Paying for home renovations is the most popular use of the 25 per cent tax-free pension lump sum with 15 per cent using it to pay down a mortgage, credit card, and or loans.
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NewsSmart Pension buys Evolve Pensions for undisclosed sum
Smart Pension has acquired Evolve Pensions, owner of £750m Crystal master trust.
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NewsCDC legislation is 'on the way'
The pensions industry has welcomed government plans to legislate for collective defined contribution schemes (CDCs).
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NewsSmall pots consultation: 'Pot for life' approach seen as long-term solution
The Department for Work and Pensions (DWP) has launched an eight-week consultation after a call for evidence which flagged up a multiple consolidator approach as a possible solution to the issue of deferred small pots.
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NewsDB pension superfund regime gets go ahead
In his Mansion House speech Chancellor Jeremy Hunt said the UK's defined benefit pensions landscape was too fragmented and the government would be pushing forward with plans to create a superfund regulatory regime.
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NewsDC pensions: Providers and regulators need to work on innovation
DC pensions providers, regulators and the wider pensions industry need to develop resources to help members extract more value from their savings, a report has found.
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NewsDC pensions: Savers on course to be poorer in retirement, Aon
Younger savers are, on average, projected as having a lower standard of living in retirement, according to Aon UK.
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NewsMid-life MOT: DWP's online pensions and savings resource goes live
The Department for Work and Pensions has launched its online midlife MOT.