All defined contribution articles – Page 9
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NewsL&G backs ‘innovative’ buy-in for Hitachi UK pension scheme
The data and technology company’s scheme has insured members’ benefits, preserving an unusual DB-DC hybrid arrangement
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TPR: DC governance stats show smaller schemes should wind up
The Pensions Regulator’s latest survey reveals an ‘unacceptable long tail’ of smaller schemes failing to meet key governance and trusteeship standards
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Asset managers propose new fund structure for illiquid assets
The Investment Association has proposed the creation of the ‘Long-Term Asset Fund’, which would be a modified version of an existing category of open-ended authorised fund
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NEST anticipates hitting £10bn by end-March 2020
The authorised master trust is growing rapidly, with assets under management doubling to reach £5.7bn at the end of March
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Dutch low-cost DC schemes approach €10bn in assets
PPIs managed €9.7bn in total at the end of March, marking a 20% increase in just three months
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Aviva launches ethical and ESG workplace pension default strategy
Lifestyle strategy is based on Aviva ‘Stewardship’ funds in operation since 1980s that apply exclusions and engagement
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UK regulator sets out climate change investment guidance for DC schemes
TPR also urges trustees to consider the liquidity requirements of their members as spotlight falls on daily dealing investment funds
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NOW: Pensions CEO exits as part of Cardano acquisition
Troy Clutterbuck steps down after two years leading one of the UK’s biggest multi-employer defined contribution schemes
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Accounting roundup: Committee warns on DB-DC ‘blurred lines’
Plus: FRC maps out its plan to transition to the Audit, Reporting and Governance Authority; Change to accounting rules for multi-employer pension schemes
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Auto-enrolment success masks inadequate savings rates, industry warns
More people are saving into a pension in the UK following auto-enrolment, but the amount they are saving is far short of what is needed
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UK regulator seeks to stem flow of exits from DB schemes
Financial Conduct Authority says too much financial advice related to transfers is ‘still not of an acceptable standard’
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Ireland toughens capitalisation rules for DC master trusts
DC master trusts must hold at least €100,000 in reserve regardless of size, according to new requirements published today by the Pensions Authority
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Should DC schemes drop the term ‘ESG’?
Invesco survey finds ‘ESG’ term unpopular among DC scheme members, with most preferring either ‘responsible investment’ or ‘ethical investment’
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Dutch industry schemes combine DC accrual with collective benefits
Pension funds are ‘getting in lane’ for expected pensions reform, which could see individual DC accrual replace the Netherlands’ traditional model
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UK high street chain shuts £5.6bn DB scheme
John Lewis Partnership will switch its staff to an “improved” defined contribution fund after a year of negotiations with staff
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Master trust authorisation process attracts 38 applications
The UK’s new regulatory regime for multi-employer defined contribution schemes has approved six providers so far
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Chart of the Week: Auto-enrolment boosts UK pension coverage
As minimum contributions rise from 5% to 8% of salary, fresh data reveals the transformative nature of auto-enrolment in the UK
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German chemicals company de-risks with lump sum payments
Employees respond positively as Henkel offers one-off payment to reduce DB liabilities
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Dutch watchdog wants new rules for pension funds’ DC products
AFM warns its current remit is limited and wants to make sure customers are protected
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UK pension fund body targets consolidation in strategy update
Pensions dashboard, cost transparency and improving standards placed at the centre of four-year plan
