Hymans Robertson has promoted Mark Jaffray to head of its defined contribution (DC) consultancy business.
Defined contribution schemes face a whole raft of challenges in 2018. Kim Kaveh looks at how they should be approached
There are increasing concerns retirees are not making informed decisions when choosing drawdown funds and could have high exposure to sequence risk, writes Stephanie Baxter.
Kim Kaveh asks if the benefits of matching contributions are being communicated sufficiently.
Majority of employers say poor retirement savings, as a result of defined contribution schemes, will lead to an inability for them to take on younger employees and graduates, research from Hymans Robertson shows.
Hymans Robertson has launched a defined contribution (DC) offering called Guided Outcomes (GO), which focuses on retirement income replacement rates rather than pot size.
The majority of defined contribution savers say they would prefer to a pension scheme that was designed around providing a target retirement income, research from Hymans Robertson shows.
Confidence in defined contribution pensions has fallen so low that the majority of workers would choose an inferior financial reward over a 10% boost to their employer contribution, says Hymans Robertson.
The government must set mandatory requirements for defined contribution schemes says Hymans Robertson, after research revealed default funds were delivering poor value for members.
Revisions to the regulations governing automatic enrolment have been released following the conclusion of a Department for Work and Pensions consultation.
Defined contribution investment strategies must focus more on member outcomes and less on turning savers into investment experts to succeed during auto-enrolment, consultants say.
Braced for impact: Employer's 2012 coping strategies
Marks & Spencer is set to replace its current pension scheme with a ‘bundled mastertrust' called Your M&S Pension Savings Plan in preparation for 2012.
Almost one third of the UK's largest companies are planning to use expensive and ill-suited pension provision to comply with employer duties, according to Hymans Robertson.
Fewer than one in five finance and HR directors at major companies are confident they know how much auto-enrolment will cost their firm overall, research shows.
Only 7% of workplace pension professionals believe employers would set up trust-based schemes to take advantage of short-service refunds, a study shows.
Diversified growth strategies and target return funds are the future of default fund investing, a poll of delegates reveals.