All Retirement articles – Page 16
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OpinionThree big ideas for better member engagement
PLSA Annual Conference 2018: Never before in the history of pensions have so many saved so much by doing so little.
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News
Joint watchdog strategy to include consumer journey review
The Financial Conduct Authority and the Pensions Regulator have launched a joint regulatory strategy to deliver better outcomes for pension savers, with priorities including a planned consumer journey review and a focus on driving value for money.
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News
Providers say retirement defaults could help poorer pensioners
Research highlighting the increasingly complex financial decisions and lower levels of income facing the next generation of retirees has led to renewed calls for default pathways through retirement.
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OpinionLooking ahead for pensions
As MPs return to Westminster after party conference season, my focus is on advancing the government’s agenda to protect and empower savers, and expand saving.
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News
Lessons from Oz: Former regulator urges hybrid product adoption
A former deputy chairman of the Australian Securities and Investments Commission has urged UK defined contribution schemes to better protect members by developing default retirement products combining drawdown and lifetime income.
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Opinion
DC Debate Q3: Getting the right amount of risk in defaults
In the first instalment of this quarter's DC Debate, five experts dive into the appropriate amounts of risk and diversification for defined contribution members at various points in their savings journey.
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OpinionHow to tailor comms to changing work patterns
In this ever-changing market, it is easy to lose sight of the original aim for occupational pensions. It seemed obvious, but a good quality pension was simply a retention mechanism.
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News
DB transfers heading into costly drawdown products, research finds
Defined benefit members transferring out of their scheme to take advantage of freedom and choice may be wasting money on fees for flexibilities they are unlikely to use, according to a new report.
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OpinionGuidance will have to replace advice for low earners
The impact of the Financial Conduct Authority's Retail Distribution Review and the Financial Advice Market Review means that for low earners with moderate pension pots and low levels of general savings, financial guidance is the most likely means of getting help in making informed decisions about how to manage their money.
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News
Improved engagement more urgent than product innovation, says PPI
Savers can achieve positive outcomes with the range of products already available to them, according to a Pensions Policy Institute report emphasising the importance of engagement in helping people make more informed decisions.
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OpinionBoost innovation and understanding
The issues of retirement are well documented. When defined contribution pensions completely replace defined benefit schemes as the sole source of pension, we will see people not being able to replicate the retirement income levels those with DB arrangements are currently enjoying.
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News
PLSA pushes for retirement income targets and AE increases
The Pensions and Lifetime Savings Association has set out its final recommendations from its ‘Hitting the Target’ consultation, calling for an increase in minimum auto-enrolment contributions to 12 per cent, and the introduction of retirement income targets.
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OpinionWhat can be done to address 'survival pessimism' in pensions?
Since the introduction of pension freedoms in 2015, fewer pensioners are purchasing annuities at retirement.
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News
Government rejects calls for default decumulation pathways
The government has rejected the Work and Pensions Committee’s recommendation for default decumulation pathways, but has agreed that there is a strong case for pensions dashboard compulsion.
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OpinionDefault pathways strengthen freedom and choice, not weaken it
Following the freedom and choice reforms, savers have a wide range of options available at retirement.
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News
Pensioners underspending and bequeathing most wealth on death
Many older people are underspending in retirement, and are set to bequeath the majority of their wealth to younger generations instead, according to research by the Institute for Fiscal Studies.
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OpinionMistakes of annuity regime are being repeated
From the blog: The willingness of government and regulators to take a pragmatic approach to so-called pensions freedom will be tested over the next few weeks.
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Opinion
DC Debate Q2: Deferred annuities, retirement expectations and more
Five defined contribution experts talk about deferred annuity products, retirement expectations, and how the industry is adapting to people's changing work patterns.
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Opinion
DC Debate Q2: Default retirement pathways, flexibility and guidance
Five defined contribution experts discuss default pathways, striking a balance between flexibility and secure income, and the importance of guidance at retirement.
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OpinionWho pays for the pension shortfall?
From the blog: The gold-plated pensions generation owes it to the next to create an equitable and sustainable way of providing for income in retirement.