All pension transfers articles – Page 17
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OpinionRegulator: Coding for quality — how we're supporting DC
Talking Head:As the rapid pace of change continues in the defined contribution space, we are supporting trustees in several ways to navigate through the new legislation and deliver better outcomes for workplace savers.
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Opinion
Freedom for all: Why DB should have access to pension flexibility
Pension freedoms were announced with great fanfare in the chancellor’s autumn statement in 2014 and came into effect in April 2015.
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NewsFreedom variability distorts member behaviour, FCA study shows
Data from the Financial Conduct Authority has shown drastic changes in how consumers access their pensions since the introduction of the flexibilities, though experts have said difficulty accessing some options may have skewed consumer choices.
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News
BBC to lay on financial advice for members looking at transfers
The BBC is to offer paid-for independent financial advice to help members get the most from the pension freedoms, in particular to support those considering transferring their assets.
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NewsGKN saves £7m with Pie
Automotive and aerospace company GKN has made a £7m saving on its pension scheme following completion of a pension increase exchange exercise.
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Opinion
Holiday reading: Transfers and exit charges – consultation basics
From the blog: The government has today launched a 12-week consultation into pension transfers, early exit charges and the provision of financial advice.
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Opinion
Pension scams: Time to fight back
Doping in elite sport remains one step ahead of the World Anti-Doping Agency and its affiliate testing programmes.
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OpinionCommutation conundrums not so trivial
From the blog: Most pension schemes are considering derisking and most of those are considering trivial commutation.
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OpinionNo wheel-spinning Lamborghinis just yet
From the blog: Here we are in the new era of pension flexibilities and I can’t help but be surprised at the number of Lamborghinis still listed in the classifieds.
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NewsHogg Robinson extends recovery to ride out low-rate environment
Corporate travel company Hogg Robinson has extended its scheme’s deficit reduction plan after low interest rates stretched its shortfall to more than a quarter of a billion pounds.
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OpinionHow DB-DC can be a win-win for employers and staff
Blog: The revolutionary pension freedoms introduced in April allow employees to transfer out of their employer’s defined benefit pension schemes and take benefits as cash rather than pension.
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News
How to prepare your portfolio for a rise in transfer requests
Defined benefit schemes should review the shape of their liability profile and consider their investments should a high proportion of members transfer out, as figures show a sharp rise in requests.
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Opinion
The legal issues troubling trustees around DC flex
The new pensions flexibilities present a range of new considerations for schemes.
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News
DB-DC proposals trigger benefit questions
The Financial Conduct Authority has issued a consultation on transfers out of defined benefit schemes, but experts say a disparity between definitions of money purchase benefits could lead to confusion.
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Opinion
Is now a good time for an ETV or Pie exercise?
Last year’s Budget provided the most radical overhaul of the UK pension landscape for more than a decade. Members with defined contribution pension benefits now have much more flexibility over how they receive their retirement income.
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Opinion
Six steps to manage a rise in DB-DC transfer requests
While the pension flexibilities do not apply directly to individuals with defined benefit pensions, members do have the option to transfer their benefits to a defined contribution arrangement.
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News
FCA bolsters transfer protections in home-straight to April
The Financial Conduct Authority has tightened rules around advice on transfers out of defined benefit in its third announcement this week, as the April reform deadline approaches.
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Opinion
DB-DC transfer requests will rise. Here is how to handle them
It had long been the case that transfers from defined benefit schemes were looked upon as being disadvantageous for all but a few.
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Opinion
Ready or not: pensions administration post-April 2015
The 2014 Budget rewrote the rule book on retirement benefits, ushering in massively expanded flexibility for defined contribution members, while simultaneously throwing down some fairly significant challenges for scheme administrators.
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News
Regulator reassures on DB-DC transfers but capacity crunch predicted
The industry has welcomed the pensions watchdog’s clarification on trustees’ duties around the new flexibilities, but some are concerned scheme administrators will face capacity issues around rising transfer value requests.