All Defined contribution articles – Page 17
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NewsUCU declares ‘historic victory’ over recovery of ‘stolen pensions’
The University and College Union declared a “historic victory” on April 17 after members voted overwhelmingly by 85 per cent to move forward with pension proposals agreed with employers, leaving the door open for benefits to be restored.
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NewsInflation falls but remains high enough to do damage
The hopes of analysts waiting with bated breath for the latest inflation rates have been dashed, after the headline figure is shown to have remained in double digits at 10.1 per cent, according to the latest data from the Office for National Statistics.
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NewsTPR authorises first CDC pension scheme
The Pensions Regulator has authorised the UK’s first collective defined contribution pension scheme.
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NewsHMRC U-turns on lifetime allowance death payments change
HM Revenue & Customs has listened to feedback from pension providers and will abandon making changes on dealing with death benefits in respect of the lifetime allowance being scrapped.
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NewsThree-quarters of UK adults are ignorant of their pension savings
Three in every four people (75 per cent) are ignorant of how much they have saved in their pensions, according to new research by Standard Life.
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NewsAltmann: ‘Older pensioners must not be abandoned’
The government was right to raise state pensions in line with inflation this year after it “abandoned” pensioners in 2022, former pensions minister Baroness Ros Altmann has said.
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NewsReport: UK workers face more than £115,000 retirement income deficit
That people are not saving enough for their retirement is a well established fact. But a new report has put a figure of £115,000 as the deficit those who rely solely on pension contributions will face once they retire.
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NewsNext generation will live beyond their means in retirement
A generation of retirees is unsure about their financial position and needs support to understand it, according to a new study by The Wisdom Council, published on April 4.
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FeaturesThe resurgence of pension scheme surpluses
For most defined benefit schemes, surplus has been a theoretical issue for much of the past 20 years.
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NewsTPR publishes EDI guidance for scheme trustees and sponsors
The Pensions Regulator has published equality, diversity and inclusion guidance for pension scheme governing bodies and employers.
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NewsDelaying state pension age rise by 7 years will cost £60bn, says IFS
Delaying the planned increase in the state pension age by seven years to 2044-46 from 2037-39 is likely to cost the exchequer more than £60bn, according to the Institute for Fiscal Studies.
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NewsLCP toughens up its ESG policies
LCP has launched a responsible investment philosophy designed to focus industry attention on concrete action to address systemic risks posed by issues such as climate change and inequality.
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NewsUse dashboards delay to achieve ‘dramatic improvements’ in data
Pensions schemes that apply data matching techniques could see “dramatic improvements in the quality of their member data”, and should use the dashboards programme delay to get their data “dashboard ready”, according to new research sponsored by LCP.
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NewsGovt delays plans to raise state pension age to 68
Ministers have delayed plans to raise the state pension age to 68 amid falling life expectancy in the UK, according to reports.
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NewsLiving Pension: Fighting poverty with better retirement saving
The Living Wage Foundation has launched the Living Pension Employer standard, a voluntary programme for employers who wish to address low levels of pension saving among lower paid workers.
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NewsDC members want better access to ESG investment strategies
Demand for environmental, social and governance criteria to be considered in pension scheme investment strategies continues to grow and find a broader base of support.
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NewsOne in three single mothers ‘locked out’ of pension saving
One in three working single mothers are ineligible for a workplace pension under current auto-enrolment rules, despite more than half (59 per cent) being employed.
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NewsBudget 2023: Chancellor’s box of tricks makes LTA disappear
Chancellor Jeremy Hunt has faced calls in recent weeks to relax the rules on certain pension tax allowances to further his campaign to encourage older workers back into the workforce.
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NewsBeware the ideas of March – or perhaps embrace them
The Budget rumour mill has been grinding away and suggests that chancellor Jeremy Hunt is set to loosen the reins on a number of pension allowances.
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NewsAsset managers must up their game on engagement and diversity
Despite improvements in stewardship and governance in the asset management industry, research from ShareAction has shown there are considerable gaps in performance.