All The People's Pension articles – Page 5
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News
Freedoms still have industry in their grip: Top DC stories from 2017
Year in review: The sea change policy of freedom and choice brought in more than two years ago continues to dominate in the defined contribution world.
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News
AE review: Welcome reforms not due until mid-2020s
The government will introduce a package of measures to address issues with auto-enrolment, but questions remain over multiple jobholders and the self-employed, while the timescale has drawn criticism.
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NewsRecreation and retirement do not go hand in hand, say experts
PLSA Annual Conference 2017: The association between retirement and a luxurious lifestyle of holidays is financially unsustainable and should be challenged, say experts, as the industry considers how to improve saving rates.
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Timetable risks breaking dashboard consensus
The Association of British Insurers has called on government to legislate for schemes to provide their data to the pensions dashboard amid criticism a hasty delivery could leave the project failing consumers.
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NewsPLSA proposes national retirement income targets
The Pensions and Lifetime Savings Association has suggested the introduction of Australian-style national retirement income targets in its latest consultation paper.
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News
DC savers want compulsion, research shows
Members favour scrapping the option to opt out of auto-enrolment minimum contributions, recent research has found, as experts highlight the need for better guidance around the levels of saving required for retirement.
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News
Select committee probes pension freedoms as concerns grow
The Work and Pensions Committee is launching a new inquiry into the pension freedom reforms, asking whether changes are required to better achieve the policy’s objectives.
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OpinionPost-retirement defaults are key to better outcomes
The advent of pension freedoms has meant that the government now expects savers to take responsibility for important financial decisions that could mean the difference between an inadequate retirement or a comfortable one.
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News
Employer contributions key to AE popularity with millennials
Recent research has shown that millennials are welcoming auto-enrolment, prompting industry figures to highlight the positive role of employer contributions and the continued need for improved understanding of retirement saving.
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News
Life events key to engagement, report finds
Moving house, getting a job or starting a family could be the best moments to get people saving, a new report says, but stresses the risks of engagement and continued role of default options.
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OpinionBring the self-employed in from the cold
The number of self-employed people in the UK has seen rapid growth in recent times: in 2015, 4.6m people fell into this category, up from 3.8m in 2008, the Office for National Statistics estimates.
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News
Annuity purchasers regret decision as confusion 'remains rife'
Despite widespread confusion, most defined contribution savers are happy with the retirement choices they have made in light of the introduction of freedom and choice, with the exception of those who have purchased an annuity, a survey has found.
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NewsIndustry unconvinced by MPs' funder of last resort concerns
Amendments to the pension schemes bill requiring member representation on mastertrust boards and a funder of last resort have been rejected by the House of Commons, amid concern from opposition politicians about a lack of oversight.
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News
AE review: Tension between engagement and inertia comes to the fore
PLSA Investment Conference 2017: With the Department for Work and Pensions’ review of auto-enrolment underway, advisory groups are seeking views on engagement, contributions and coverage, but questions remain over the necessity of engagement and the pensions reality in other countries.
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NewsSpring Budget focus on self-employed lets industry hope for more
The chancellor’s focus on the self-employed could pave the way for bringing the group into the pension system, some experts have said, as the spring Budget brings no significant news on pensions.
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News
Push for simpler DC bulk transfers receives industry approval
Experts have welcomed a consultation on transferring members between defined contribution schemes without their consent, launched to simplify the process and help achieve scale in the DC sector.
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News
Defaults and dashboards: Top DC and AE stories from 2016
Year in review: The battle to make defined contribution a safer place for members proved to be an uphill struggle in 2016, as schemes, regulators and even the police were trying to keep up with developments in the market.
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News
2017 AE review will ignore adequacy but include charge cap
The Department for Work and Pensions has announced the scope of its 2017 review of auto-enrolment, including a reconsideration of the charge cap on defined contribution default funds.
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NewsChancellor proposes ban on cold calling, refrains from pensions tax overhaul
In his first and last Autumn Statement, Chancellor Philip Hammond swapped the timing of the Budget and the Statement but had comparatively little to say about pensions for now; one of the larger measures – a consultation into pensions fraud – was welcomed by the industry.
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FeaturesWhat the industry wants to see in the Autumn Statement
Autumn Statements became mini Budget announcements under the previous chancellor. Looking to the new regime, what advice does the industry have for Philip Hammond before he announces his first set of plans on November 23?