All Defined contribution articles – Page 83
-
OpinionWill DC pensions be the next big litigation target in the UK?
Defined contribution pensions plans overtook defined benefit arrangements by membership numbers in 2013, and are now the type of pension scheme on offer for almost all employees in the private sector.
-
News
Workers fear schemes will not deliver on their promises
On the go: People’s trust in pension systems remaining low is one of the findings of the OECD's recently published Pensions Outlook 2018.
-
NewsM&B switches to drawdown and moves deferreds to master trust
The Mitchells & Butlers pension scheme has updated its defined contribution default strategy to target drawdown purchase, directing members to a master trust for retirement provision.
-
News
PMI report predicts just 20 master trusts in five years’ time
On the go: There will be no more than 20 master trusts in five years’ time, according to in an influential report from the Pensions Management Institute, which predicts the new master trust authorisation regime will lead to widespread consolidation and collaboration.
-
News
DWP maintains £10,000 earnings threshold for 2019-2020
On the go: The Department for Work and Pensions has announced that the earnings threshold for auto-enrolment into a workplace pension is to be frozen at £10,000 for 2019-2020.
-
OpinionMaking the right decisions
Editorial: Guidance can help savers make the right decisions, but not enough people are taking it.
-
News
Govt and scheme decision-makers told to tread with caution on CDC
Collective defined contribution schemes could produce a higher and more certain retirement income than individual DC schemes, but there are also many potential issues to consider, including intergenerational unfairness and governance problems, the Pensions Policy Institute has highlighted.
-
NewsOnly one in 100 members wants paper comms, finds BAA scheme
The BAA Pension Scheme’s digital push on communications has led to virtually the entire membership opting to switch to electronic information.
-
Features
Should there be an industry-wide methodology for measuring value?
When government boasts about being responsible for pushing almost 10m people into pension saving via auto-enrolment, you can be quite sure they want it to be a success.
-
Features
Could co-sourcing be the answer to rising pensions admin woes?
Analysis: Uncertainty is an overused word in the pensions landscape, yet it is particularly appropriate when we speak of administration, which is teetering on the brink of crisis.
-
News
Customers satisfied with Pension Wise, but take-up concerns remain
Nine in 10 customers who have had a Pension Wise appointment are satisfied with their experience of the service overall, a recent report has shown, but concerns remain over the take-up of the government-backed guidance service.
-
OpinionWhy would anyone set up a trust-based scheme today?
Not so long ago, trust-based pension schemes were the only option in town.
-
OpinionTime to press ahead on CDCs
Guy Opperman, minister for pensions and financial inclusion, discusses the government’s recently published consultation on collective defined contribution pension schemes, and what it means for both employers and employees.
-
OpinionIncreased self-service will boost data quality and raise admin standards
Data cleansing sounds like a wonderful, positive experience, about renewal and putting to right the mistakes of the past. It is, however, far more prosaic – and yet powerful – than that.
-
News
Only 39% of young savers confident about retirement prospects
Young savers in the UK are in danger of being left in the lurch when it comes to retirement planning, a recent survey has shown, with experts mooting auto-escalation and better financial education as possible solutions to a looming crisis in the decades ahead.
-
OpinionIndustry must innovate to build on pension comms progress
Analysis: The government used this year’s Autumn Budget to commit £5m to getting the pensions dashboard off the ground.
-
OpinionHelping pension savers make the right decisions
As a regulator, we are sometimes asked how much money should be put aside for a comfortable retirement. We can answer only that 'it depends' – for example on an individual’s needs and expectations, and their other assets.
-
OpinionAre DC default strategies diversified enough?
Recent history and the performance of simple balanced portfolios would suggest defined contribution defaults are overly diversified. But we cannot assume the future will accurately mimic the past.
-
OpinionFor emergencies only
Editorial: It seems that the key to enabling people to save for a pension could lie in boosting their financial resilience.
-
Opinion
DC Debate Q4: A pensions policy wishlist
After many years of tinkering, many in the pensions industry pray for no news and stability in the Department for Work and Pensions' policy announcements. But what changes could benefit savers, rather than the taxman? Five defined contribution experts discuss.