Not all target date funds are the same so advisers should carry out extensive due diligence before recommending one as a default fund, according to a new report from Defaqto.
The average contracted-out 45-year-old will receive £2,288 a year more pension than those who remain contracted-in, giving them income 28 per cent higher, according to the Pensions Policy Institute.
The government should focus collective defined contribution on smaller employers where charges are typically higher and where there is less access to investment expertise says JLT.
UK corporate pension deficits fell by £84bn to £611bn in May according to Xafinity’s corporate pension deficits tracker, cancelling the previous month’s rise of £84bn.
Employers are failing to communicate pensions to employees through their preferred channels and are relying on paper even though staff find new media just as appealing according to new research from Capita Employee Benefits.
Governments are using pensions to manipulate policies to the detriment of members warns pan-European pension body PensionsEurope.
Equity release could boost Europe’s’ retirees’ savings by €20bn a year but Solvency II is stifling insurers’ attempts to supply products to facilitate it, according to a report by Towers Watson.
Now: Pensions is tying up with retirement income specialistAnnuity Direct for an execution-only guided whole of market annuity service.
Standard Life and Punter Southall Defined Contribution Consulting have agreed a deal to supply the intermediary’s new small and medium sized employer clients with a packaged auto-enrolment solution.
-- The asset management industry needs to take proactive steps to reconnect with investors and to build reputation and trust says Investment Management Association chairman Douglas Ferrans.
Standard Life has appointed of two new senior business development managers to its workplace business following last week’s recruitment of Barry O’Dwyer as managing director of workplace.
The performance of the financial markets has a 2.5 times greater impact on investment fees than the performance of the manager, meaning even managers who underperform in rising markets see their fee increase, according to new research.
A third of employers closing DB pension schemes are still unsure how to replace the ill-health early retirement provision, with 20 per cent having completely overlooked the issue, according to Group Risk Development.
Providers and employers should be doing more to drive take-up of income drawdown through corporate pension schemes to increase retirement incomes by up to 20 per cent says Deloitte.
The ban on consultancy charging will extend to all qualifying pension schemes and not just those being used for auto-enrolment, Corporate Adviser understands.
Daily dealing is limiting investment options in DC pension schemes, ensuring investment options are inferior to those available to DB funds, according to a new paper from the Defined Contribution Investment Forum (DCIF), the fund manager body.
-- Legal & General is to oversee its entire contract-based book of corporate pension business with a new investment governance committee that will mirror the governance offered through its mastertrust.
-- Labour has called for total charge transparency, a single regulator, greater obligations on those running contract-based schemes and sealed bids for annuity business in a wide-ranging critique of the workplace pensions market.
Consultancy charging could survive the auto-enrolment scheme ban on by setting up more generous parallel schemes says Thomsons Online Benefits chief executive Michael Whitfield.
Schemes already set up on a consultancy charging basis may need to be unraveled even though the Government has said its ban on the structure will not be retrospective, experts have warned.