Defined Contribution

Aviva has set a 2050 net-zero target for its own auto-enrolment (AE) default pension funds, and called on the government to make all AE default funds set the same goal.

In terms of hard facts, most fiduciaries know very little about their UK defined contribution (DC) pension members. But data are critical to making the right choices for the default investment strategy. AllianceBernstein (AB) outline their proven process to achieve better member outcomes.

Hymans Robertson has cut the carbon footprint of its pension plan by around 33% while delivering lower charges by launching a fresh default investment strategy.

The industry is split on whether The Pensions Regulator’s (TPR) January removal of late payment reporting flexibility is too early, a Professional Pensions poll shows.

Both defined contribution (DC) scheme membership and assets are continuing to show steady growth despite the Coronavirus outbreak, according to the Pensions Policy Institute (PPI).

The least financially secure pension savers may be increasing their personal debt levels or foregoing household essentials after paying pension contributions, The Investing and Saving Alliance (TISA) says.

Thames Water has contracted Aon to bring an “inspiring and innovative approach” to its 4,500-member strong defined contribution stakeholder plan.

Investment and advice giant Quilter has called on the government to consider decoupling employee and employer contribution thresholds for auto-enrolment (AE) due to the pressures of Covid-19.

SEI has partnered with Moneyhub in a bid to enhance its master trust offering and help members improve their financial wellbeing.

Plans to improve value to members in defined contribution (DC) plans by improving investment options and governance while consolidating small schemes have been welcomed as a “wake-up call” for the industry.