Chancellor George Osborne's radical changes to pensions are expected to usher in a new era of invention in the defined contribution (DC) space. While some fund managers are repackaging existing products with a new spin, others are looking to assemble completely different solutions, says Lynn Strongin Dodds.
Industry estimates show that the surprise March rules will reduce the size of the UK's £12bn-a-year annuity market by between 70% and 90%. A new survey by State Street which canvassed 57 senior insurance...
The Pensions and Lifetime Savings Association (PLSA) has published a drafting template to help defined contribution (DC) scheme trustees produce their annual chair’s statements.
Nest members are making changes to their everyday lives to be more environmentally or socially responsible, but failing to take the same action on their pensions, the provider says.
Gregg McClymont says AE schemes make it easy to opt-out should members feel contributions are not in their best interest
Trustees of defined contribution (DC) schemes redirecting contributions made during Covid-19 to alternative funds should check they’re not unintentionally breaching pension legislation, The Pensions Regulator (TPR) warns.
Thousands of the country’s most financially insecure individuals are remaining in auto-enrolled schemes even if it may not be in their best interests to do so, the Institute for Fiscal Studies (IFS) finds.