All Defined contribution articles – Page 53
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NewsPPI launches UK pensions framework
On the go: The Pensions Policy Institute is launching a UK pensions framework, since “work and retirement landscapes are undergoing significant change around the world”.
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NewsUSS invests in Iberian solar energy platform
On the go: The £67.6bn Universities Superannuation Scheme has invested €225m (£193.7) in an Iberian solar energy platform.
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NewsPLSA calls for new legislation to support members at retirement
On the go: The Pensions and Lifetime Savings Association has called on the government to introduce legislation underpinning a new set of product, communication and governance standards to build on pension freedoms and provide greater support for savers at retirement.
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NewsDC schemes to send two-page ‘simpler statements’ in 2022
The Department for Work and Pensions is consulting on regulations that would see schemes required to send simpler annual benefit statements to their members from April next year.
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NewsLow earners miss out on £150m in pensions tax relief
On the go: Low earners have missed out on almost £150m in pensions tax relief, according to new analysis from Quilter.
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NewsMPs urged to tweak 25% tax-free cash rules
On the go: Pensions consultancy LCP has proposed new rules that would allow pension savers to access tax-free cash at a normal minimum pension age while leaving the remaining balance behind.
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NewsDWP to consult on dashboards’ draft regulations in December
The Department for Work and Pensions will be launching a consultation on the pensions dashboards’ draft regulations, which will include rules on the different stages pension schemes will need to start sharing their data to be included in the project.
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OpinionPolicy changes needed to avoid generations of pension inadequacy
Defined contribution pension schemes have taken over defined benefit plans as the main form of pension saving for the UK’s private sector.
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NewsDC funds must move away from passive corporate bond allocations
On the go: Defined contribution funds should follow defined benefit schemes and insurance companies in moving away from passive corporate bond allocations to improve climate resilience and member outcomes, according to Axa Investment Managers.
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NewsCost Transparency Initiative sees 23% spike in schemes’ uptake
On the go: The Cost Transparency Initiative has recorded a 23 per cent increase in uptake during the past year, with 79 per cent of pension schemes now making use of its framework.
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NewsGovt urged to encourage later life pension contribution plan
On the go: Policymakers should carefully consider later life cycle factors when developing future policies to increase retirement savings, according to the Institute for Fiscal Studies.
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NewsAuto-enrolment participation stagnates in 2020
On the go: 2020 was the first year to see unchanged levels of participation since the auto-enrolment scheme was introduced, according to new figures from the Office for National Statistics published on Monday.
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NewsFCA proposes new illiquid fund structure for DC schemes
On the go: The Financial Conduct Authority is proposing a new category of fund that will allow defined contribution schemes to invest in illiquid assets.
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NewsDC savers face retirement shortfalls as growth forecasts dip
On the go: Millions of workers face life-changing retirement shortfalls, as lower growth forecasts are set to wipe a third off pot values, according to new research.
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NewsSarah Smart appointed permanent chair at the Pensions Regulator
On the go: The Department for Work and Pensions has confirmed the appointment of Sarah Smart as permanent chair of the Pensions Regulator.
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NewsNest recommits to closing ethnicity and gender pay gaps
On the go: Nest has recommitted itself to closing its ethnicity and gender pay gaps, following the publication of data showing more work is needed to achieve parity.
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NewsMulti-jobbers missing out on £76m in pension contributions
On the go: Low earners with multiple jobs are missing out on £76m a year in employer contributions to their pension due to an “unfair system”, according to Scottish Widows.
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NewsPASA to launch DC transfers working group
On the go: The Pensions Administration and Standards Association announced on Tuesday more details about its forthcoming defined contribution transfers working group, which has the goal to speed up and lower the risk of transfers between trust and contract-based DC schemes.
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NewsFCA tells providers to book Pension Wise sessions for savers
On the go: Providers will have to offer to book Pension Wise appointments for clients looking to access their defined contribution pensions, under rules proposed by the Financial Conduct Authority.
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NewsUUK proposes USS governance reform, 20-year moratorium on exits
Universities UK, the employer group representing 340 Universities Superannuation Scheme members, has raised the prospect of a 20-year moratorium on scheme exits in a bid to show a greater commitment to covenant support.