Pensions buzz

Friday Buzz: DB-lite options dismissed

Professional Pensions | 17 May 2013 | 12:59

This week respondents air doubts about DB-lite, back calls to give TPR more powers, and are unconcerned about the regulator's use of secondees.

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Buzz: DB-lite options dismissed

Two out of five contributors think none of the Department for Work and Pensions’ preferred options for defined benefit-lite will find favour with employers. Among those who thought some of the ideas might be taken up, the majority thought cash balance or core DB schemes with fluctuating additional benefits could prove successful.

Professional Pensions | 17 May 2013 | 12:59

Knight-in-armour on horseback

Buzz: Give TPR power to fight pension liberation

Almost half of Buzz contributors thought The Pensions Regulator needed more power to guard against pension liberation fraud. But, in a week when the City of London Police announced it had broken up a major pensions liberation scam, more than two out of five respondents were wary of any calls for more powers.

Professional Pensions | 17 May 2013 | 12:58

OTHER PENSIONS BUZZ ARTICLES

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Buzz: 'Social media - whatever next?'

Contributors were sceptical as to whether social media could provide information to improve scheme governance. Although more than three out of ten thought it unwise to ignore this data, almost half of contributors thought trustees should do just that.

Professional Pensions | 17 May 2013 | 12:58

Buzz: TPR reliance on seconded staff no big deal

Contributors were pretty relaxed about The Pensions Regulator’s reliance on staff seconded from major consultants. Although a third were worried about the conflicts of interest that could arise from these arrangements the majority thought the benefits outweighed the risks.

Professional Pensions | 17 May 2013 | 12:56

Buzz: Lifestyling improves outcomes

Almost half this week’s contributors backed the use of lifestyling in DC schemes, while just over a quarter said it did not ultimately help savers. Some cautious supporters suggested it was better to say the technique reduced the chances of members getting a bad outcome.

Professional Pensions | 17 May 2013 | 11:45

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Friday Buzz: Industry split on compulsory inflation-proofing

This week respondents are split down the middle over whether to let defined benefit schemes drop inflation protection, enthusiastically back calls for a single regulator and criticise the government for scrapping short service refunds.

Professional Pensions | 10 May 2013 | 13:28

Large gold pound sign

Buzz: GMP costs out of all proportion

More than two thirds of respondents believe the cost of equalising guaranteed minimum pensions (GMPs) will exceed the monetary risks posed.

Professional Pensions | 10 May 2013 | 13:15

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Buzz: TPA exit charges no big deal

Most Buzz respondents were fairly relaxed over the exit fees charged by some third party administrators (TPAs). Although 28% of contributors said these were impeding trustees who wanted to switch providers, 34% said this was not the case.

Professional Pensions | 10 May 2013 | 13:12

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Buzz: Single workplace pension regulator backed

Contributors enthusiastically backed the latest call for a single regulator for all workplace pensions. More than three quarters said this was the way forward, while fewer than one in five backed the current system.

Professional Pensions | 10 May 2013 | 13:05

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Buzz: Industry divided on future of inflation protection in DB

Buzz respondents were split equally over the prospect of scrapping compulsory limited price index (LPI) inflation protection for DB schemes.

Professional Pensions | 10 May 2013 | 13:01

Buzz: Industry attacks Thatcher's tax on surpluses

Taxing surpluses was the measure introduced in the 1980s that most respondents wished had never happened.

Professional Pensions | 03 May 2013 | 13:22

Buzz: Industry fears 'cartel mentality' in bulk annuity market

Just over half of respondents were concerned there was insufficient competition in the bulk annuity market, while 37% said the dominance of a handful of big players was not worrying.

Professional Pensions | 03 May 2013 | 13:21

Pensions library

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Good Practice Principles in Modelling Defined Contribution Pension Plans

The Pensions Institute provides 15 good practice principles in modelling defined contribution pension plans. These principles cover the issues such as: model specification and calibration, modelling quantifiable uncertainty, modelling member choices and modelling longevity risk.

 

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Don’t let it get out of hand: Keeping control of auto enrolment

After what has felt for many like an eternity, auto enrolment has finally arrived. As the UK's largest employers complete the process, now is an ideal time to consider some of the lessons learned so that employers with auto enrolment on the agenda for 2013, can avoid some of the pain and pitfalls that may occur along the way.

This whitepaper provides a checklist to ensure you are compliant with the new legislation.

 

 

Job of the week

Events

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WSB Healthcare Select 2013

23 May 2013

London, UK

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The Pensions and Benefits Show 2013

12 Jun 2013

London, UK