All Retirement articles – Page 15
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Features
Sequencing risk – the scourge of DC retirees
Data crunch: Could you time your retirement to make the most of market conditions? Analysis of historical returns shows many drawdown customers are taking a blind punt on sequencing, raising questions about appropriate retirement products for an inert population.
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News
Hidden drawdown dangers for 615,000 retirees
On the go: Hundreds of thousands of over-55s are unaware they can scale back or stop their withdrawals from their drawdown income, putting them in danger of draining their retirement savings too rapidly.
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News
FCA paper highlights intergenerational disparity
On the go: The Financial Conduct Authority’s new discussion paper on intergenerational shifts highlights the disparity in pensions, mortgages, consumer credit and insurance coverage of UK citizens from millennials to baby boomers.
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News
Government urged to force matching of voluntary contributions
The government should force employers to match voluntary pension contributions made above auto-enrolment minimums, according to investment platform Hargreaves Lansdown.
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News
PLSA policy board sets priorities for next four years
On the go: The Pensions and Lifetime Savings Association’s new policy board has set its priorities for the next four years, with specialist sub-committees formed for defined benefit and defined contribution schemes, local authority schemes and master trusts.
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Opinion
Inertia and engagement both have a place in pension comms
Analysis: Defined contribution schemes have been warned to “adapt or die” on member communications, with a range of experts calling for a rethink of engagement.
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OpinionMortality screening: What you need to know
We do not like to talk about death. Even though it is part of an administrator’s daily routine, it is a subject many of us prefer to avoid.
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Features
Data crunch: Do better returns trump greater contributions?
One of pensions’ great conundrums is the question of whether the size of contributions or investment performance has the greater impact on the size of the pension pot.
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News
Pension freedoms see more than £7bn withdrawn in 2018
On the go: The UK’s fondness for pension freedoms continues unabated, with £1.9bn withdrawn from pension schemes under flexible pension rules in the fourth quarter of 2018, according to the latest HMRC figures published on Friday.
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News
FCA warns of looming retirement poverty prospect
On the go: Inadequate retirement incomes that do not meet consumers’ expectations remain the central challenge for the pensions industry, according to the Financial Conduct Authority.
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FeaturesHighland scheme mulls insurance policy for ill health retirement costs
The Highland Council Pension Fund is considering the option of taking out an insurance policy to protect the scheme against substantial ill-health retirement costs.
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News
Older workers look away from 'cliff-edge' retirement
Almost half of UK workers over the age of 50 prefer to transition gradually into retirement by blending work and retirement, according to a new study
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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.
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News
AE savings rate undershoots by 5 per cent a year, says Fidelity
On the go: Workers in the UK need to save a total of 13 per cent of their annual household income from the age of 25 and aim to have seven times their annual household income saved by age 68, according to Fidelity International.
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News
UK employees set to work until they drop
On the go: The number of “early retirees” is at a 23-year low, according to latest employment figures from the Office for National Statistics, signalling that despite vestiges of ageism the older worker is in the ascendant.
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OpinionBetter guidance means better retirement decisions
The choices available to savers at retirement have undergone profound changes in recent years. Most agree that giving people access to their own money is a sensible policy, but in doing so we have placed a burden on ordinary people, asking them to make huge decisions that could changes their lives forever.
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News
Pensions gender pay gap reaches 40 per cent
On the go: Women retire with pension incomes almost 40 per cent lower than men on average, according to new research, despite recent legal efforts to ensure equality in the state pension system.
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News
Pension savers overtaxed by 'staggering' £372.5m
On the go: The government faces growing pressure to review ‘emergency tax’ treatment of pension freedoms withdrawals, after it was revealed that a staggering £372.5m has now been reclaimed by pension savers since the freedoms were launched in April 2015.
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OpinionWhy we need to better understand Generation AE
Who are ‘Generation AE’, the first-time pension savers created by auto-enrolment?
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FeaturesJLT switch to TDF default sees boost in engagement
An overhaul of the default arrangement in the Jardine Lloyd Thompson Pension Scheme’s defined contribution section, switching from a lifestyle arrangement to target date funds, has brought its more engaged members back from their self-select funds.