All Retirement articles – Page 19
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News
DWP calls for evidence on Nest decumulation services
The Department for Work and Pensions has called for evidence on a proposal to allow Nest to provide decumulation services for its members, and to let it offer services to individuals, employers and other schemes.
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OpinionWhat’s the point of target date funds?
For most modern savers, retirement will not happen in one day. So where does this leave fund structures that manage investments to a target date? In pretty good shape, we say, depending on what you do within a target date fund structure.
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OpinionSecondary annuity market: Breaking the fetters or recipe for poor outcomes?
In the 2015 Budget, the government announced its intention to create a secondary market for consumers to sell their annuity policies.
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OpinionTime to shoot the messenger
From the blog: Communications can help people get to grips with their long-term savings objectives, but if we do it the wrong way our attempts to help could fail – no matter how important the message.
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OpinionThe other pensions problem
At some point in the last few years, pensions became a big news story. Updates on BHS, Tata steel and others fill airwaves and pages (including our own).
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News
More detail emerges on pensions dashboard
The working group charged with devising a pensions dashboard – a single destination where consumers will be able to view all their retirement savings pots – has released its view of what it should look like.
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News
Deluge of information stifles retirement choices
An excess of information on the pension freedoms risks poor outcomes for “procrastinating” defined contribution savers, experts have warned, meaning the industry must improve member communication and engagement.
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News
PPI calls for industry to judge charges holistically
Schemes should not put undue focus on charges when assessing value for money, the Pensions Policy Institute said last week, after research showed charge levels do not necessarily correlate with outcomes.
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Features
What role does property play in retirement planning?
Analysis: The British population’s fixation on property ownership is one of our enduring national characteristics. But as property wealth grows, and pensions and investment income continues to falter, is home ownership becoming more intertwined with retirement saving?
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FeaturesThe push-me-pull-you: In which direction is UK retirement saving headed?
Analysis: The introduction of a workplace Isa, mooted in a new proposal this week, could present both the UK workforce and employers with a radical new alternative, but how can developments in government policy drive the sea change needed in the UK’s savings culture?
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News
Consultations to flesh out details of secondary annuity market
The Financial Conduct Authority and HM Revenue & Customs have both launched consultations to shed further light on how the secondary annuity market could work, but questions were raised about the projected level of take-up.
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News
ABI launches consultation on jargon-busting to empower members
The Association of British Insurers has this week launched a consultation and draft guide aimed at simplifying the language used to explain freedom and choice to savers.
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News
More than a third support Lisa expansion, research shows
Many under-40s are planning to save into Lifetime Isas alongside their workplace pension, research commissioned by mastertrust Now Pensions this week revealed, but support for expansion of the new savings vehicle could pose a threat to pensions.
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Features
Long-term saving solution continues to elude pensions industry
Missed by many amid the Budget’s pomp and circumstance, the summary of responses to the government consultation – ‘Strengthening the incentive to save’ – contains a resounding call for stability but no clear solution to the nation’s savings crisis.
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News
Which? calls for pensions dashboard but obstacles remain
Consumer group Which? has called on the government to introduce a pensions dashboard, but experts say there are still significant barriers to overcome before it becomes a feasible option.
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News
Death tax 'wrinkle' means potential trouble for dependants
The government should consider allowing the pension pots of those who die before reaching age 75 to be transferred out, experts have said, although some questioned the likelihood of such a move.
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NewsIRRI: Nest 'should be allowed' to enter decumulation market
Government-backed mastertrust provider Nest should be allowed to compete in the decumulation market from 2018 to help savers who do not understand the risks, the long-awaited Independent Review of Retirement Income has said.
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News
Pie generates £23m for Centrica
Utilities provider Centrica has saved £23m on future pension liabilities after a pension increase exchange was taken up by a quarter of retired participants across three of its defined benefit sections.
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News
High Court ruling ramps up fears over pension liberation
The High Court has ruled against insurer Royal London for blocking a pension transfer where it suspected the receiving fund could be a pensions liberation scheme, prompting industry observers to raise concerns about protections for members, providers and trustees.
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Opinion
FCA discussion paper outlines raft of challenges from ageing population
From the blog: The Financial Conduct Authority has released a discussion paper, 'Ageing population and financial services', aimed at advancing the debate on how the financial services industry can tackle the challenges and opportunities posed by demographic changes.