Pensions Aspects Magazine
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Dashboard: demystifying Government Pension Strategy and Policy
A cross section of practitioners recently described the pensions industry in mainly downbeat adjectives1. Two of the more common ones were confused and complicated. Clearly, not all is well. In the context of the Pensions Dashboard, Michael Nicolaou outlines some issues and highlights the key challenge facing the industry.
Read moreTrusteeship: raising the bar
The success of PMI’s APTitude programme has sent ripples across trusteeship as a whole. As a consequence, PMI has now provided an accreditation regime for lay trustees.
Read moreHow to advance your career (and increase your enjoyment of pensions!)
I am a consultant in LCP’s Pensions Administration department. I spend a large chunk of my time developing and maintaining our member communications, but I also get involved in various projects across the department with a focus on improving member experience.
Read morePension dashboards – some key questions for you
The steady march towards pension dashboards continues in earnest, with some significant milestones over the past six months. These include the Pension Schemes Act 2021¹ receiving Royal Assent, the Pension Dashboard Programme (PDP) publishing its data standards guide² in December and, more recently, its architecture brief for suppliers³ and call for input⁴ on the proposed ‘staging’ of a gradual rollout.
Read moreWhat’s happening in the bulk annuity market?
Despite the unprecedented times we have seen over the last 18 months the bulk annuity market continues to be a hub of activity. In actual fact, 2020 was the second largest year on record for the bulk annuity market and the pipeline for 2021 suggests we will see similar volumes this year.
Read moreChange is needed now if adequacy outcomes are to be improved for future generations of retirees
Over the last decade the pensions landscape has gone through a great deal of change, with the introduction of Automatic Enrolment, Pension Freedoms and the continued shift from defined benefit (DB) to defined contribution (DC) provision in the private sector. However, the nature of pension saving is inherently long-term and, as a result, policies aimed at increasing pension saving take time to embed and impact later life outcomes.
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