defined contribution
OTS outlines demands for pension tax system overhaul
The Office of Tax Simplification (OTS) has called on the government to review its “complicated” pension tax measures and simplify engagement with the system.
NEST allocates 5% to private credit; announces two fund manager hires
NEST has selected two fund managers it will use to invest in private credit, enabling its members to benefit from the private markets investments.
Defined Contribution Conference: Register now
Professional Pensions is holding its defined contribution (DC) conference on 4 September.
Nine million mid-life employees 'sleep-walking' into retirement
Nearly nine million employees aged 45 and over are "sleep-walking" into retirement, unaware of how much they need to save, according to research from Aviva.
Exclusive: Blackrock launches two ESG-focused funds
Blackrock has launched two ESG index funds for defined benefit and defined contribution (DC) schemes in response to growing demand for sustainable investment options.
PASA launches DB transfer guidance
The Pensions Administration Standards Association (PASA) has launched guidance on defined benefit (DB) transfers to help give members better flexibility while retaining their pension benefits.
Engaging with pension risk
In Newton Investment Management's latest DC column, Curt Custard looks at how to increase multigenerational engagement with pensions
TPR takes action against employer prioritising dividends and reveals 15% increase in use of AE powers
The Pensions Regulator has set how it has used its powers over the first three months of the year in a bid to better protect scheme members.
Why ESG has a branding problem
For too long, ESG has been talked about as if it were something outside our main investment process. Jonathan Stapleton says this must change.
Industry split on DC investment innovation proposals
Initial responses to the government's consultation on DC investment innovation reveals a mixed views on a range of its proposals. Kim Kaveh reports.
Mastering the future
In the latest in a series of DC columns from Newton Investment Management, Jin Philips considers what we can expect in the next stage of master trusts' development
'Harsher' allowances hit a million 'pension dippers', finds Just Group
More than one million people aged over 55 are now subject to harsher pension contribution limits as a result of using the pension freedom rules, Just Group research has found.
Savers overtaxed £400m by HMRC on pension freedoms
HM Revenue and Customs (HMRC) has taken over £400m too much in tax from savers accessing their pensions since the introduction of Freedom and Choice in 2015.
The pension industry's hopes and concerns for CDC
As the DWP's consultation on collective DC closes, Stephanie Baxter finds most responses are broadly supportive but some are critical, pointing out there is a long way to go to get it right
A third of DC members 'expect living standards to decline in retirement'
People in their mid-career aged 35-49 are the most likely to struggle with saving for retirement, according to Aon's 2018 defined contribution (DC) and financial wellbeing member survey.
Pensions minister: AE is working, people are saving long term
Guy Opperman says as contribution rates increase, millions more people will be able to look ahead to retirement with confidence
Manchester University staff vote to strike over pensions reform
Support staff at Manchester University have overwhelmingly voted to take strike action over plans to reduce and close the defined benefit (DB) pension scheme.
HMRC pays out £38m to pension freedom users after overtaxing
HM Revenue and Customs (HMRC) has had to pay £38m to pension freedom users after more than 18,000 counts of tax overpayment were reported.
Budget 2018: FCA to consult on pooling DC funds into patient capital; DWP to consult on charge cap
The Financial Conduct Authority (FCA) will launch a consultation on updating the permitted links framework to allow unit-linked pension funds to invest in an appropriate range of so-called 'patient capital' assets.
We are letting down pension fund members
Colin Meech says lack of clarity means workers and their employers don't know whether they're getting value for money or how investments are performing
Government should not require schemes to offer partial transfers - PP research
In this week's Pensions Buzz, respondents warned schemes being required to offer partial transfers could lead to too many administrative burdens
Master trust authorisation is a good start but more needs to be done
Jonathan Stapleton says while the new rules will ensure master trusts are well run and have good systems, they won't necessarily ensure members are in the best schemes
Mind the gap: How trustees can improve transfer out processes
Done properly, DB to DC transfers can benefit the member, the trustees and the sponsor. But, as Mark Evans says, there is need for improvements in the area of transfer out processes.
ONS: DC membership up 20% in 2017 but contribution rates fall by 19%
Occupational pension scheme membership hit a record high in 2017, with more than 41.1 million people saving through the workplace, latest Office for National Statistics (ONS) data reveals.
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