All drawdown articles – Page 10
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News
Default fund design hamstrung by lack of behavioural data
Defined contribution experts have said a lack of sufficient data on members’ likely reaction to April's pension flexibilities is leaving default fund design in a state of limbo.
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Opinion
Why annuities still play a crucial role in the post-Budget landscape
After the Budget, a number of commentators lined up to proclaim the changes would mean the end of the humble annuity – and there is no doubt annuities have had a bashing over the past few years.
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News
How bankruptcy orders could drain savers' retirement pots
The April flexibilities could make the retirement savings of those in financial difficulty vulnerable to demands from creditors, with courts set to have their final say on whether a saver’s uncrystallised pot is open to a claim.
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Opinion
How to battle pensions liberation in the new DC environment
Liberation scams are a growing tumour on the pensions industry, offering scheme members access to their money early at the cost of large swaths of their pension pot, or possibly the lot.
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News
Airport operator to offer flexible drawdown from April
Manchester Airports Group will offer its 2,500 defined contribution scheme members flexible drawdown by the time April's pension freedoms kick in, allowing them to access their savings without having to leave the scheme.
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Opinion
Five objectives and five risks for DC
Before the 2014 Budget, investment objectives for defined contribution schemes were relatively straightforward.
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News
Nest, M&S and Kingfisher in 2014's top post-Budget case studies
The chancellor's 2014 Budget in March sparked off a year of almost unprecedented change in pensions, seeing an immediate response from some employers on providing retirement flexibility.
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NewsM&S weighs drawdown option for mastertrust members
Retailer Marks & Spencer is exploring offering drawdown to its defined contribution scheme members, as the industry readies itself for April's retirement flexibilities in a tough market for annuities.
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News
Aussie lessons for your scheme's post-Budget strategy
NAPF Annual Conference 2014: The Association of Superannuation Funds of Australia has called upon UK schemes and providers to ensure the minimum advice they provide equips members to make well-informed decisions with their new retirement flexibilities.
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Opinion
The pros and cons of offering drawdown to your members
'Pensions freedom' as announced in the Budget provides defined contribution members with full flexibility and choice over their retirement income from next April.
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Opinion
How to use your DGF in a post-Budget environment
Kevin Frisby from LCP, JLT Investment Consulting's Allan Lindsay, Axa IM's Yoram Lustig, HR Trustees' Giles Payne, Aon Hewitt's Ryan Taylor and Bruce White of LGIM discuss how schemes can invest in DGFs in the post-Budget environment, in the final instalment of a four-part panel discussion.
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OpinionEditorial: Don't spend it all at once
The debate rumbles on. Will the annuity make the best comeback since Lazarus? What should we make of this grand shove into drawdown?
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News
How scrapping 55% 'death tax' could affect your DB scheme
Consultants have again predicted greater interest in transfers out of defined benefit schemes following the proposed removal of inheritance tax on pension pots, while others doubted the changes would have much impact.
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News
Consultants call for more flexible DC retirement products
Industry figures have called for flexibility to be built in to defined contribution solutions, as the first post-Budget products aimed at members looking to draw down income at retirement reach the market.
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News
TPAS: 'Joined-up' guidance guarantee essential
The Pensions Advisory Service has said those organisations tasked with delivering the guidance guarantee should be “joined up” with the adviser community to improve member outcomes.
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News
Tax changes: how they affect scheme rules
Schemes have been urged to move quickly to prepare for forthcoming changes to pension tax legislation, with the new ‘uncrystallised funds pension lump sum’ expected to prove popular among members.
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News
Tenth of employers weigh up medium-term DC drawdown offering
One in 10 UK employers have said they will offer members post-retirement drawdown facilities within their defined contribution scheme in three to five years, according to a poll, but advisers still doubt trustees’ desire to govern such provision.
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Features
How JPMorgan and RBS give DC members retirement flexibility
JPMorgan and Royal Bank of Scotland are working to offer members of their defined contribution schemes flexibility in how they access their retirement savings, in light of the Budget reforms.
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NewsAMNT: Oz-style 'supers' could emerge from latest UK reforms
The Association of Member Nominated Trustees has said ‘to-and-through’ retirement options could pave the way for Australian-style superannuation schemes, if employers are willing to take on any additional governance burden that a post-retirement commitment could create.
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News
Industry calls for better DC risk guidance to hit target outcomes
Industry figures have called for better guidance for defined contribution members to help them choose the appropriate level of risk pre-retirement to achieve their target outcomes.