HR/BENEFITS -
June 18, 2013
Finance lessons on the cards for schools at last
The much urged industry ideal of pensions being taught at school will be part of “a settlement” between government departments by 2015, Iain Duncan Smith has revealed.
RULES/REGS -
June 18, 2013
Sponsors call for immediate end to NEST transfer restrictions
“Pot follows member” will not work without lifting the restriction to allow transfers into NEST, according to employer group the Institute of Directors.
HR/BENEFITS -
June 17, 2013
Shepherd Neame brews new auto enrolment default
Shepherd Neame will use a 100% equity portfolio for the whole growth phase of its auto enrolment default strategy, with diversified products for decumulation.
HR/BENEFITS -
June 14, 2013
Private retirement income growing but for how long?
Private savings have grown dramatically as a proportion of UK retirement income compared to the state pension in the past 30 years, research shows.
HR/BENEFITS -
June 14, 2013
Give older workers pensions or lose young talent, govt figures show
Record numbers of over 65s in work show employers need to develop better pension arrangements to allow subsequent generations to retire, business groups claim.
MARKETS -
June 13, 2013
DC sponsors managers put off risk management by cost
Sponsor engagement with sophisticated investment strategies is improving, but cost and member engagement remain stumbling blocks for many employers, research shows.
RULES/REGS -
June 12, 2013
Auto enrolment hits SME funding
Banks are turning small businesses down for loans because they cannot provide evidence of auto-enrolment planning.
MARKETS -
June 11, 2013
UK’s Nest dumps conventional gilts in favour of corporate bonds and index-linked gilts
The UK's multi-employer defined contribution scheme National Employment Savings Trust (Nest) has reduced its growth phase fund's exposure to conventional gilts to just 2%, following months of negative real returns.
PEOPLE -
June 11, 2013
Lindsay Tomlinson to step down from NAPF board
Former National Association of Pension Funds (NAPF) chairman Lindsay Tomlinson will step down from the organisation’s board following its AGM in October.
HR/BENEFITS -
June 10, 2013
Smaller employers face regulator late payment crackdown risk
Smaller UK employers with trust based DC plans will struggle to meet the Pensions Regulator’s trustee disclosure requirements, City lawyers warn.
HR/BENEFITS -
June 07, 2013
Aegon research reveals direct link between employee commitment and retirement prospects confidence
UK employers should bang the drum about their pension benefits, whether defined benefit (DB) or defined contribution (DC), as new Aegon research reveals a direct link between confidence about retirement prospects and employee commitment.
HR/BENEFITS -
June 06, 2013
Just 2 per cent of Pensions Management Institute AE certificate holders are accountants
The Pensions Management Institute (PMI) has unearthed further evidence of the accountancy sector failing to prepare for the challenge of auto enrolling employees at smaller firms.
HR/BENEFITS -
June 06, 2013
Reverse paternalism to drive up opt out rates at smaller employers
The Institute of Directors expects a reverse paternalism among employees, aware of the costs of auto enrolment to their employer, to drive an increase in auto enrolment opt out rates.
RULES/REGS -
June 05, 2013
IOD backs call for one regulator to rule them all
A single regulator to oversee both defined contribution and defined benefit pensions would be welcomed if it could successfully simplify rules governing DC pensions, according to Malcolm Small, senior adviser, pensions policy at the Institute of Directors (IOD).
HR/BENEFITS -
June 05, 2013
Gala Coral DB plan closure consultation to end early July
Talks on whether Gala Coral should close its final salary scheme and move workers on to its defined contribution (DC) stakeholder plan are due to end in just over a month.
RULES/REGS -
June 04, 2013
Spare self-employed from NI contributions to aid retirement savings
Self-employed people could save more towards their retirement if they were exempted from paying National Insurance.
HR/BENEFITS -
June 03, 2013
UK worker pension targets running above inflation
UK workers’ are not considering the effect of inflation when planning their retirement, according to research from Scottish Widows.
MARKETS -
June 03, 2013
Infrastructure remains preserve of big insurers
Infrastructure investment is set to remain the preserve of larger DC providers, according to an expert at ING Investment Management (ING IM).
RULES/REGS -
May 31, 2013
Focus on informed choices not opt out rates
Ladbrokes has prioritised employees making an “informed choice” on whether auto enrolment is right for them rather than keeping its auto enrolment opt out rate as low as possible.
MARKETS -
May 31, 2013
Blended DGF on horizon for UK schemes
The growth of UK DC assets will create a demand for DGF ‘blends’, to reduce the risk in default funds, sponsors are claiming.