All Retirement articles – Page 23
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News
Managers boost pre-retirement risk to match DC flexibility
Providers are revising products offered to defined contribution pension scheme members to incorporate greater risk in the decumulation phase, as a result of the greater flexibility afforded by the Budget.
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OpinionEditorial: When is advice not advice?
The great advice versus guidance debate of 2014 is gathering apace. Let us step back for a moment and consider it from the viewpoint of the person on the Clapham omnibus.
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Opinion
Auto-annuity purchase is dead – here's how providers will respond
What now for annuities? The new pension freedoms mean the days of automatic annuity purchase for defined contribution plans are over.
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Opinion
What overseas DC systems can tell us about the post-Budget landscape
The retirement flexibility brought about by the Budget has left many schemes wondering how to best implement the at-retirement options.
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Features
BT suspends flexible retirement options during review
BT has suspended its flexible retirement option while it reviews the conditions under which it will consent to BT Pension Scheme members taking early payment of their pension while continuing to work at the communications company.
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Features
Budget prompts schemes to revisit lifestyle and annuity options
Schemes that default members into annuity brokerage services are considering the implications of last week’s Budget announcement, with calls for the rules around income drawdown to be simplified.
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News
Education key as employers stretch to reach pension goals
News analysis: Companies need to better educate staff to encourage responsibility for pension saving, as research has highlighted a misalignment between employers’ goals and the outcomes of their defined contribution plans.
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News
Annuity brokering grows as managers seek value for savers
News analysis: Nearly half of schemes have or are planning to put in place annuity brokering services for their members, but experts warn this may not be enough to achieve value at retirement.
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NewsAutumn Statement 2013: How it affects your scheme
Today's Autumn Statement left schemes mulling state pension rises, a boost to exchange traded fund investment and an option to allow scheme members to top up their additional state pension.
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Features
The DC Debate – improving retirement income
This quarter's debate sees experts discuss the gender gap, decumulation and illiquidity, as schemes strive to attain the best outcome for members close to retirement age.
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Opinion
Editorial: To the collective benefit
An eloquent voice has been added to those calling for the introduction of collective defined contribution pension schemes in this country to drive better outcomes for savers.
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Opinion
Editorial: Lessons from Norway
Last week saw a four-hour strike by firefighters in England and Wales owing to changes to their pension terms which will force them to work for longer.
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Opinion
Crucial retirement tools to benefit your members
Members of a defined contribution pension scheme need to be actively involved throughout their working life to make investment and contribution level decisions, and it gets increasingly important as retirement approaches.
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NewsRoyal British Legion to expand Pie after £1m saving
The Royal British Legion is working on a pension increase exchange offer for members coming up to retirement, after an exercise with the scheme’s pensioners last year knocked £1m off its deficit.
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Opinion
Why 'healthy' life expectancy matters to members
Longevity has rooted itself as a near-intractable problem for sponsors of defined benefit pension schemes while at the same time being an apparently good-news story for everyone else.
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FeaturesBA sees steady flexible retirement take-up
British Airways has seen steady take-up of its new flexible retirement option since it was introduced in October to provide members with better flexibility in how they access their workplace savings.
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Features
Reed Elsevier ups contributions to engage members
Reed Elsevier Pension Plan has increased the employer contributions, up to a maximum of 11 per cent, for members of its defined contribution scheme.
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Features
Case study: M&S’s approach to DC retirement
Engagement with members over their retirement date should start when they join the scheme, Marks & Spencer’s (M&S) technical manager has argued.
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FeaturesNationwide uses flexible retirement to engage staff
The UK’s biggest building society has benefited from letting staff draw their pension while continuing to work, since the abolition last year of the default retirement age (DRA).
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Features
Improve member knowledge, regulator warns on DC
Defined contribution schemes risk punishment by the Pensions Regulator if they fail to tell members the impact of contributions on their retirement. Ian Smith looks at how DHL and others are meeting the challenge.