Defined Contribution
Salvus selected as replacement master trust for Ascot Lloyd members
Salvus Master Trust is set to replace the Ascot Lloyd Pension Scheme, which exited the market last year after ten years as master trusts faced tough hurdles to become authorised.
R&M selects PTL for value for members review
River & Mercantile’s (R&M) fiduciary management arm has appointed PTL to conduct an independent value for members review of its portfolio of defined contribution (DC) clients.
EValue launches investment pathway solutions
EValue has launched a range of investment pathway solutions ahead of the implementation deadline next February.
Savers see opportunities in stock markets but remain pessimistic about retirement
Levels of confidence in retirement saving remain persistently low, with feelings dampened further by Covid-19, but savers recognise the current opportunities in equities, a State Street Global Advisors (SSGA) survey finds.
Nest commits to net-zero default pension strategy by 2050
Nest has set out plans to move to its default pension strategy towards a net-zero investment portfolio by 2050, with at least £5.5bn of equities pledged to climate aware strategies.
Master trusts set to swallow 27 million deferred pots; New task force suggested
The government must take radical and immediate action to stop small pension pots undermining the success of auto-enrolment (AE), Now Pensions says.
DIY investors could lose over half of their potential pension pot
Pension fund savers switching out of their default funds and making their own investment decisions could face a cut in their final pot value of up to £247,000, research has found.
Channelling the chancellor's creativity for long-term retirement saving
Steve Charlton looks for an equitable way to incentivise saving for retirement.
40% of DC schemes cannot afford to think long-term during Covid-19
Short-term actions are dominating the thinking of many defined contribution (DC) schemes as the coronavirus pandemic continues, Aon research finds.
Nest assets grow by £3.8bn in one year despite market downturn
Nest saw average inflows of £400m in new contributions per month over the course of 2019/20, leading to a 67% increase in assets under management (AUM).
Government's Covid-19 response is missed opportunity to revisit AE
Michael Ambery argues that AE faces a potential key fork in its journey, with the government missing a prime opportunity with the Kick Start Scheme, and employers need to step up instead.
Savers blame provider innovation for low AE engagement
Workplace scheme providers’ lack of “new and progressive products” is to blame for continued low engagement with pensions despite the success of auto-enrolment (AE), according to Cushon.
Master trust adoption set to accelerate among FTSE 250 companies
The number of FTSE 250 companies moving to a master trust is set to increase over the next two years, according to research by Willis Towers Watson (WTW).
Phoenix introduces in-scheme drawdown for master trust clients
Members of Phoenix’s defined contribution (DC) master trust will be allowed to access their pension savings via in-scheme drawdown.
Summer statement: State to pay more pension contributions under Kickstart Scheme
Government plans to create jobs for 16-to-24-year-olds will see the state paying employer pension contributions, it is expected.
Unbundled DC schemes 'a ticking time bomb' after Covid-19
A lack of steadfast regulation around unbundled defined contribution (DC) schemes makes them a ticking time bomb for firms and members, says Salvus Master Trust.
Available on demand... Louise Sivyer and Michelle Cracknell among the speakers at PP's DeskFlix event on the Future of DC
The latest virtual event in PP’s DeskFlix series took place on 7 July
PP DeskFlix: TPR set to boost engagement with scheme administrators; V4M remains key theme
The Pensions Regulator (TPR) is set to increase its engagement with pension scheme administrators in light of the Covid-19 pandemic.
A climate for engagement
Newton Investment Management's Lloyd McAllister looks at how an active approach could help DC schemes to tackle climate change
Covid-19 likely to push DC schemes into master trusts
The economic uncertainty generated by Covid-19 is likely to cause a large number of defined contribution (DC) schemes to move into master trusts, according to PP readers.
Schemes on the hunt to maximise GMP conversion benefits
Red tape preventing pension schemes from managing the barriers around GMP equalisation is leading to many combining conversion with pension increase exercises (PIE), Aon says.
FCA launches workplace pensions value for money consultation
The Financial Conduct Authority (FCA) will bring forward proposals designed to promote value for money for workplace pension schemes members, a consultation paper says.
Floodgates open for DC scheme shift to master trusts as asset commitments top £4bn during lockdown
There will be a “surge” of employers moving defined contribution (DC) occupational trust pension schemes to master trusts as lockdown eases and employees return to work post-furlough, Hymans Robertson says.
DWP: Nine in ten eligible employees save into pensions in 2019
The number of eligible employees saving into a workplace pension rose by one percentage point to 88% between 2018 and 2019, Department for Work and Pensions (DWP) statistics show.
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