Defined Contribution
TPR urged to name master trusts exiting the market
The Pensions Regulator (TPR) should reveal the names of master trusts that will not apply for authorisation and take a measured approach, industry experts have said.
Four in five members trust their employers to make good investment decisions
Companies should revaluate their approach to defined contribution (DC) default design as more than 80% of savers trust employers to choose the right investments, according to research by BlackRock.
Steve Goddard: Why the 'dartboard drawdown' option must be removed
Savers face a huge number of options at-retirement. Steve Goddard believes this 'dartboard of choice' should be take away and an additional layer of trustee governance is needed to protect members in the deculmulation phase
30 master trusts leaving market as TPR's authorisation regime comes into force
The Pensions Regulator (TPR) has confirmed that 30 master trusts have or will exit the market, leaving 58 which will either need to apply for authorisation or exit in the coming months.
Industry split over combination of pensions with other savings products
Respondents disagree whether mixing of products would be beneficial for savers
The worst and best performing master trusts
Hymans Robertson has unveiled research analysing investment performance across the 16 largest master trust default funds. Kim Kaveh explores the data.
We must help young people build the financial resilience they crave
Tim Sharp says more fundamental reforms are necessary in order to make a big difference to the lives of young workers
Master trusts: Cracking the governance challenge
Almost 10 million people are now enrolled in multi-employer pension schemes*, with larger FTSE employers now being attracted by their more efficient governance arrangements
ESG could be 'hidden superpower' for member engagement
Environmental, social and governance (ESG) issues could be the key to greater engagement with members if the power of investments is communicated well, says Emma Douglas.
Pensions industry heavyweights lead 'mid-life MOT' development
A handful of industry heavyweights have begun trialling a so-called 'mid-life MOT', with positive initial results reported by all those involved.
Longevity 14: CDC urged as solution to demographic challenges and 'insolvent' state system
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.
Third of over-55s spend more time choosing a car than preparing for retirement
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, finds Legal & General (L&G) research.
No more than 10 master trusts needed, says industry
Just under half of respondents to this week's Pensions Buzz argued the master trust market would operate more efficiently if there were fewer participants, without damaging competition.
Pension Awareness Day: Six tips for member engagement
Experts have called for trustees to improve pension communications using psychological and administrative techniques ahead of the fourth annual Pensions Awareness Day.
Love your pension and avoid working like a dog in later life, ABI tells millennials
The Association of British Insurers (ABI) has launched a campaign targeted at younger workers to "love your pension" and appreciate the value of auto-enrolment (AE).
TPR unveils tougher approach to single-employer DC trust oversight
The Pensions Regulator (TPR) is set to toughen its approach to single-employer defined contribution (DC) trusts and will pilot two initiatives to boost governance over the coming months.
Average regular pension withdrawal rate jumps from 4.7% to 5.9% - FCA
The average annual pension withdrawal rate jumped more than one percentage point between 2016/17 and 2017/18, according to the latest data from the Financial Conduct Authority (FCA).
ONS: DC membership up 20% in 2017 but contribution rates fall by 19%
Occupational pension scheme membership hit a record high in 2017, with more than 41.1 million people saving through the workplace, latest Office for National Statistics (ONS) data reveals.
Lessons from Lehman for pension trustees
A decade after the crisis, Rory Murphy says the industry must embrace the same approach to consumer engagement that is benefitting innovators in banking and retail
NEST seeks out private credit manager for first time
NEST is challenging the asset management sector to come up with an affordable and innovative private credit solution for itself and the wider defined contribution (DC) sector.
How TPR expects master trusts to comply with authorisation regime
The master trust authorisation regime will come into force at the beginning of October. TPR's Kim Brown sets out what the watchdog expects to happen next.
Four in 10 trustees say DC investment strategies are less sophisticated than DB - research
Some 42% of defined contribution (DC) trustees believe that their investment strategies are 'less sophisticated' than those used by defined benefit (DB) schemes, according to a Hymans Robertson survey.
More than half not saving into a pension blame low income
Lack of adequate income is increasingly to blame for why people do not choose to save towards retirement, according to research by Equiniti.
'More detail' needed on TPR's master trust supervision policies
Initial responses to The Pensions Regulator's (TPR) consultation on how master trusts will be supervised says it lacks detail on some of its policy proposals, including pause orders.
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