Defined Contribution
SMEs switch AE providers demanding better value for money
More than half of small and medium-sized enterprises (SMEs) have swapped their auto-enrolment (AE) provider, seeking better value for money.
HMRC pays out £38m to pension freedom users after overtaxing
HM Revenue and Customs (HMRC) has had to pay £38m to pension freedom users after more than 18,000 counts of tax overpayment were reported.
Chancellor ignores net-pay pensions tax relief anomaly; Branded 'missed opportunity'
Philip Hammond has failed to address the net-pay anomaly affecting lower-paid earners who are missing out on tax-relief on their pension contributions in today's Autumn Budget.
Budget 2018: FCA to consult on pooling DC funds into patient capital; DWP to consult on charge cap
The Financial Conduct Authority (FCA) will launch a consultation on updating the permitted links framework to allow unit-linked pension funds to invest in an appropriate range of so-called 'patient capital' assets.
Master trust usage set to double as three quarters of DC schemes review delivery
The number of businesses expecting to have a master trust as their main defined contribution (DC) pension scheme is expected to double over the next three years to 26%, a LifeSight survey reveals.
Simpler annual statement is a step in the right direction
The two-sided simplified annual pensions statement should be applauded, even if it missing information, says Jonathan Stapleton.
Longevity and retirement income
Bhavin Shah continues Newton Investment Management's series of DC columns with a look at how schemes can meet the challenges of providing income in a low interest rate world
Annuities the 'missing asset class' for sustainable retirement income
Retirees could benefit from more sustainable income and higher death benefits by including guaranteed income in the asset mix of their portfolios at retirement, according to research by Milliman.
Pensions minister launches simpler annual statement
Pensions and financial inclusion minister Guy Opperman has launched a simplified two-page annual statement in a bid to provide a best practice template for the industry.
DC survey: Members want 'personal' and 'positive' communication
Some 70% of defined contribution (DC) members want to know their scheme is personalised and tailored to their needs, an Invesco language study reveals.
EXCLUSIVE: How the UK's biggest DC default funds are performing
In the second edition of AE Watch, Maria Nazarova-Doyle looks at the performance of the UK's largest DC default funds.
Pension freedoms could rake in £19.2bn of tax over next decade
Pension freedoms could generate as much as £1.9bn a year in tax revenue for the next 10 years, according to research by the Pensions Policy Institute (PPI).
Ensign master trust doubles membership with over 2,000 Stena Line members
Stena Line UK Group has chosen not-for-profit master trust Ensign to be its main defined contribution (DC) pension provider for the majority of its employees.
TPR and PLSA reveal AE contribution hike has had minimal impact on opt-outs
The increase in minimum auto-enrolment (AE) contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
IGCs face stronger ESG reporting duties under FCA plans
Contract-based schemes could face requirements to disclose their firms' policies on environmental, social and governance (ESG) issues under Financial Conduct Authority (FCA) plans.
Default retirement pathways are risky but worthwhile
The Pensions Policy Institute has called for the introduction of default decumulation pathways. James Phillips says the innovation could be risky, but is a worthwhile cause.
Government should not require schemes to offer partial transfers - PP research
In this week's Pensions Buzz, respondents warned schemes being required to offer partial transfers could lead to too many administrative burdens
Can default decumulation routes overcome at-retirement confusion?
As annuities continue to fall in popularity, this year's Future Book suggests savers need more help choosing retirement income products. James Phillips explores the proposals.
Theo Kocken: Why it would be disastrous to mix pre- and post- retirement members in CDC
Theo Kocken says a collective approach to pensions is, at best, only half right for the UK
Schroders launches DC-focused sustainable multi-factor fund
Schroders has introduced a sustainable multi-factor equity fund which aims to help defined contribution (DC) schemes while integrating environmental, social and governance (ESG) factors.
Exclusive: Smart Pension and L&G unveil 'at retirement' proposition demo
Smart Pension and Legal & General (L&G) have unveiled a prototype demo of their workplace retirement income product which combines drawdown and annuities, exclusively to PP.
NEST: Aligning financial value with values will help our members
Diandra Soobiah says the sector must look at how to use positive examples of where value and values might align to build more trust and engagement among pension savers
Three quarters of NEST members want their pensions invested responsibly
A survey conducted by NEST highlights its members' views on responsible investment. Kim Kaveh explores the data
Global unions unveil how-to guide for uncovering hidden costs
Lack of transparency means employees are in the dark over whether they are getting value for money from their pension, according to a report by the international labour union network.
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