Defined Contribution
LCP calls for 'fundamental rethink' on DC chair's statements
Defined contribution (DC) chair’s statements need a major re-think as part of the Department for Work and Pensions’ five-yearly statutory review on the rules around scheme governance in 2021, LCP says.
Consolidating DC schemes urged to act before 'capacity crunch'
Trustees must undertake a five-step process urgently if they are seeking to move their single-employer defined contribution (DC) scheme into a master trust, says Premier.
Cushon eyes more master trusts after Salvus acquisition
Workplace savings fintech Cushon has expanded its acquisition target to include pension-focused businesses as well as master trusts.
AE remains resilient despite pandemic and pension contribution increases
Auto-enrolment (AE) remained resilient during the Covid-19 pandemic and in the wake of minimum contribution increases, according to a report by Nest Insight.
Quarter of schemes switch to DC master trusts; a further half planning similar move
Transfers to defined contribution (DC) master trusts will continue well into 2021, latest research from Sackers reveals.
The capacity crunch facing DC scheme transfers to master trusts
Stephen Richards says government regulation will herald an ‘avalanche’ of DC scheme transfers to master trusts. He sets out his predictions and a word of caution.
Barclays partners with Smart for pension platform
Smart Pension and Barclays have partnered to provide small- and medium-sized enterprises (SMEs) with a quicker pensions solution with a wider selection of investment funds.
Savers withdrew £9.4bn from pensions flexibly in 2020
Savers withdrew £9.4bn flexibly from their retirement pots during 2020, data released by HM Revenue & Customs (HMRC) has shown.
PensionBee launches flexible offering for self-employed
Online provider Pension Bee has created a flexible pension for self-employed savers, allowing them to make contributions according to their income.
Two-thirds 'sleepwalking' into retirement and will run out of pension in their 80s
Older savers are at risk of running out of their defined contribution (DC) pension savings with a third of their retirement still ahead, according to research by The People’s Pension and State Street Global Advisors.
Employee DC contributions drop by 11% amid pandemic pressures
Defined contribution (DC) contributions were scaled back by 11% in the second quarter of 2020 as the impact of the pandemic set in, according to the Office for National Statistics (ONS).
Barclays Bank UK Retirement Fund integrates ESG and climate risk into £1.3bn DGF
The Barclays Bank UK Retirement Fund (Barclays UKRF) has integrated ESG factors and climate risk into a £1.3bn diversified growth fund (DGF) portfolio used for its defined contribution (DC) scheme.
PensionBee partners with SSGA to launch four investment pathways
PensionBee has launched four ready-made investment pathway solutions with State Street Global Advisors (SSGA) ahead of the February implementation deadline.
Durable partnership needed to overcome gargantuan small pots issue
Tim Gosling says the small pots working group’s report is a reasonable first step that recognises diverse views to come up with a way forward.
DWP taskforce sets out actions to enable large-scale consolidation of deferred small pots
The small pots working group has made a number of recommendations on how to tackle the growth of deferred members with small pension pots within the AE pensions market – urging the government and industry to take action to enable large-scale mass transfers....
Making pensions simple again
Girish Menezes looks at whether the two-page simpler annual statement is effective at giving members the detail they need
Industry Voice: How can the industry help DC members reach better retirement outcomes?
MFS outlines the UK results of from its most recent DC survey and examines the implications for the UK retirement market
Exclusive: Members' push for ESG should be a 'wake up' call for lagging schemes
Substantial engagement from pension scheme members on ESG has not been matched by strategic change in defined contribution (DC) schemes, the Association of Consulting Actuaries (ACA) says.
Industry Voice: DC solutions: Value for money — for a lifetime
Everyone wants VFM—but what represents value, and for whom?
UK savers most risk averse and would give up returns for ESG
Britons generally have a lower risk tolerance than Americans, Canadians, and Australians, and would give up some or significant returns to invest with their personal values, according to MFS Investment Management research.
Aegon Master Trust takes on £120m Thermo Fisher Scientific scheme
Around 5,000 Thermo Fisher Scientific UK pension scheme members have joined Aegon Master Trust, with £120m of assets transferred.
Industry Voice: Beyond the pandemic
Newton’s Curt Custard considers the investment outlook for 2021 and the implications for DC schemes
Exclusive: Calls for vital AE reforms after Covid-19 pension saving exodus
The government must publish a timetable for its next automatic enrolment (AE) review as employees quit pension saving in the wake of the coronavirus pandemic, the Association of Consulting Actuaries (ACA) says.
Aegon announces master trust board shake-up
The Aegon Master Trust will move from an affiliate board structure to fully independent, recruiting a further trustee as part of the process.
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