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.
With PIEs an increasingly popular method of risk management - allowing savers to give up future contractual increases in favour of an initially higher pension - a recent Aon poll found many schemes had...
More on Defined Contribution
Low-earners need AE pause button, says TISA
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 signs Aon for three-year master trust contract
Thames Water has contracted Aon to bring an “inspiring and innovative approach” to its 4,500-member strong defined contribution stakeholder plan.
Government called on to decouple employee/employer AE thresholds
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 boosts master trust offering with Moneyhub partnership
SEI has partnered with Moneyhub in a bid to enhance its master trust offering and help members improve their financial wellbeing.
DC value consultation a 'wake up call' but consolidation not always easy
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.
