Each month DC World asks readers for their views. This month we ask: Would early access to pension pots encourage greater saving or generate insufficient retirement funds?
Yes - wherever this is practically possible. From Towers Watson point of view as one of the pioneers of STP (SWIFTNet funds ISO20022) it is already established as an industry standard especially within the third party administrator (TPA) arena. For example,...
Since the coalition government came to power in May the retirement income industry has seen unprecedented change - not least the launch of a consultation on abolishing the Age 75 rule. This is a subject close to the hearts of many within the retirement...
Pensions minister Steve Webb has highlighted the need to develop a strong State pension to help people build up a decent level of retirement income. Speaking at the ABI Savings and Protection conference on 13 July the minister outlined his commitment...
The UK should look at the Chilean retirement system's multi-fund structure as it develops the default fund set-up for NEST, Organisation for Economic Co-Operation and Development principal economist Pablo Antolin-Nicolas has said.
Nearly four-fifths of scheme managers have welcomed the government's decision to investigate alternative methods of implementing tax-relief restrictions on pension contributions - including reducing the annual allowance to as little as £30,000
Japanese fund house Chuo Mitsui and Standard Life Investments have partnered to cross-manage funds worth $2.2bn (£1.4bn).
Following recent government announcements on annuity reform the issue of minimum income requirements has caused concern, as Sebastian Cheek reports
US/UK - BNY Mellon Asset Management co-head and vice chairman Jon Little will leave the firm to join hedge fund Kedge Capital, a London-based alternatives firm.
Treasury plans to curb the annual allowance to about £40,000 rather than slash tax relief for high earners have been backed by the industry.