Defined Ambition
MPs launch inquiry into shelved CDC pension schemes
The Work and Pensions Select Committee has launched an inquiry into the merits of collective defined contribution (CDC) pension schemes, and the potential role they could play in saving for retirement.
Watchdog is right to impose higher penalties on professional trustees
Industry says as professionals, punishment should be given due to their level of expertise.
Have your say: Is TPR's new definition of professional trustee correct?
This week we want to know if it is correct to define professional trustees as those who promote themselves as having expertise in trustee matters to schemes they have no connection with.
Royal Mail confirms DB scheme will shut to future accrual as costs set to soar
Royal Mail will close its career average defined benefit (DB) scheme to future accrual from April next year, it has announced.
Have your say: Is it time to look again at defined ambition?
This week, we want to know whether the Communication Workers Union's plan for a risk-sharing scheme at Royal Mail signals it is time to revisit defined ambition.
Risk sharing schemes are back on the agenda
Stephanie Baxter says the CWU's proposal for a risk sharing scheme at Royal Mail is a breath of fresh air at a time when there are growing concerns about DC.
A risk-sharing scheme for Royal Mail - will it catch on?
A union proposal for Royal Mail to create a risk sharing scheme has brought back the idea of defined ambition. Stephanie Baxter looks at how it would work and if it could set a blueprint for others
Bob Scott: We need statutory override to allow RPI/CPI switch
The first six months of 2016 has been a whirlwind time for the pensions industry. The Association of Consulting Actuaries' incoming chair tells Kristian Brunt-Seymour about the policy changes he would like to see.
What's going on with CDC and pot follows member?
Former flagship policies are set to sink without a trace
Is this the end of pot follows member and CDC?
A ministerial statement issued last week put key policies such as pot follows member and collective defined contribution on hold. Helen Morrissey gauges the response.
Pot follows member put on hold
The implementation of pot follows member has been put on hold according to a ministerial statement issued today.
PPI: Freedoms not a barrier to CDC
The Budget flexibilities will not hinder the government's plans for collective defined contribution (CDC), according to the Pensions Policy Institute (PPI).
Give members collective pensions
Henry Tapper says the people want collective defined contribution (DC) pensions
SPC warns Budget will have changed minds on DC-plus
Respondents to the government consultation on defined ambition (DA) pensions may have changed their minds on key issues after the changes announced in the Budget, says the Society of Pension Consultants (SPC).
DWP drops DB-lite due to lack of employer interest
Employers showed a "lack of interest" in proposals to give them greater flexibility over defined benefit (DB) schemes, says the Department for Work and Pensions (DWP).
Queen's Speech confirms commitment to annuity overhaul and CDC
The government has confirmed its commitment to overhaul the retirement process and announced new plans to introduce collective defined contribution (CDC) in the Queen's Speech today.
TPR targets governance with latest corporate plan
The Pensions Regulator (TPR) has prioritised good governance in its corporate plan published today.
ACA urges government to focus on increasing contribution rates
The government must do more to encourage employers and employees to increase contributions to pension schemes, says incoming Association of Consulting Actuaries chairman David Fairs.
Webb hopeful for DA despite retirement pot flexibility
Pensions Minister Steve Webb says he remains committed to defined ambition (DA) despite the Budget scrapping restrictions on how people take their pensions income at retirement.
Buzz: DWP has stalled on defined ambition
The majority of Buzz respondents believe the Department for Work and Pensions (DWP) has stalled on its plan to deliver a defined ambition (DA) system.
McClymont: Webb's defined ambition plans not compatible with DC reforms
Shadow pensions minister Gregg McClymont has challenged pensions minister Steve Webb over his defined ambition (DA) proposals in light of the government's defined contribution (DC) reforms.
Retirement flexibility will lead to further DB closures
Government proposals to scrap restrictions on pensions access could lead to a further wave of employers closing defined benefit (DB) plans to future accrual.
Budget paves way for CDC pension arrangements
Government proposals to scrap restrictions on pensions access will pave the way for collective defined contribution (CDC) schemes, Barnett Waddingham says.
MPs say DWP has 'stalled' on defined ambition, annuities and charges
Progress on the annuities market, charges and defined ambition (DA) may have "stalled", the Work and Pensions Select Committee says.
