Pensions Aspects Magazine
- Important Notice: Our offices will be closed for the Easter break from Thursday 28 March 4pm and we will resume normal operations on Tuesday 2 April 9am.
How do you get people to save for a pension?
People are not engaged with pensions and saving has become something of a dirty word in the ‘lower for longer’ environment that followed the financial crash of 2008.
Read moreClear measurable objectives are needed in the fight for better DC outcomes
Pensions adequacy for Defined Contribution (DC) members saving for retirement continues to be a major issue despite industry developments in recent years. A Master Trust is often seen as a simple, all-in-one solution to DC pension provision, with scale and independent governance seen as key to delivering a better outcome for members. However, choosing the right Master Trust is hard, not only due to subtle differences between them, but largely as delayed gratification makes it unclear whether the ’right’ choice has been made until members retire.
Read moreDC investment in infrastructure: the virtues of patient capital
For some time now there has been a drive to encourage the investment of defined contribution funds in long-term, illiquid asset classes.
Read moreTaking the Pulse of pensions: PMI’s 4th survey results
As we review the outputs from our 4th Pulse survey, we felt it may be worthwhile looking to see if any trends were emerging. The aim was to not only find out what the industry felt on key hot topics but also to ascertain if opinions regarding policy and The Pensions Regulator (TPR) were showing any movement. For the first time we feel we can look at trends developing and move forward with our Pensions Tracker.
Read moreTo go the extra mile? Facilitating financial advice for DB scheme members seeking to transfer out
“Despite our previous interventions, both with individual firms and across the sector, we think the risk of harm from unsuitable advice remains unacceptably high.” FCA, Policy statement on pension transfer advice (June 2020)
Read moreCharge cap review commences
The Department of Work and Pensions (DWP) has issued a Call for Evidence seeking views on the effectiveness of costs, charges and transparency measures in protecting pension member outcomes. In particular, the DWP wants input on the ‘level and scope’ of the charge cap that applies to Defined Contribution (DC) default arrangements used for auto-enrolment. This could mean a squeeze on providers to bring charges down – although this doesn’t automatically guarantee better value...
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