Pension Funds Insider

Pension Funds Insider brings the latest pensions news and industry insights; from investment and governance updates to new mandate appointments and pensions regulatory information.

Dc And Auto Enrolment

Image for How to create a more diverse, inclusive trustee board

How to create a more diverse, inclusive trustee board

Friday, May 20, 2022

Auto-enrolment has permanently changed the demographics of pension saving. While there is still more to be done to make sure everyone can save comfortably for retirement, more women now save into a defined contribution (DC) pension than ever before, and saving among young employees has skyrocketed from around 25% in 2009 to 85% in 2020[1]


Read more
Image for And you thought equal pay was the issue?

And you thought equal pay was the issue?

Wednesday, May 11, 2022

Karen Partridge discusses how important it is to change how and when the pensions industry engages with women

Read more
Image for ‘Parents, schools, government; where does the responsibility lie when it comes to educating children about pensions?’

‘Parents, schools, government; where does the responsibility lie when it comes to educating children about pensions?’

Monday, November 1, 2021

With the State Pension Age (SPA) and Minimum Pension Age (MPA) both set to rise respectively, and according to the Actuarial Post, two thirds of adults are unsure whether they will have enough money to retire, there has never been a greater emphasis on the need to begin to save from a young age.

Read more
Image for The case for DC Consolidation?

The case for DC Consolidation?

Tuesday, September 21, 2021

Earlier this summer DWP published its consultation: ‘Future of the defined contribution pension market: the case for greater consolidation’.

Read more
Image for How do you solve a problem like…pensions?

How do you solve a problem like…pensions?

Wednesday, August 11, 2021

How do you catch a cloud and pin it down? If the 1950s gave us The Sound of Music, it seems we all now need to start to face the music when it comes to pensions savings.

Read more
Image for Shifting the Balance

Shifting the Balance

Tuesday, August 10, 2021

As we navigate our way out of the Covid-19 restrictions July 19 was hailed as Freedom Day. But, how free are we? We are surrounded by ‘freedoms’, but when is freedom really freedom?

Read more
Image for Are DC contribution levels enough in the current low economic growth world?

Are DC contribution levels enough in the current low economic growth world?

Friday, June 18, 2021

Understandably a lot of the focus in the last 15 months has been placed on the short-term impacts on the financial wellbeing of individuals and businesses alike from the Covid-19 global pandemic. Whilst engagement by Trustees and members in Defined Contribution (“DC”) pension arrangements have seen a boost over the period, our experience is still that DC arrangements are often forgotten by sponsoring employers when compared with their Defined Benefit (“DB”) counterparts.  

Read more
Image for Coronavirus: testing times for pension scheme trustees

Coronavirus: testing times for pension scheme trustees

Tuesday, April 7, 2020

Communication and prioritisation are vital argues Emily Whitelock

Read more
Image for Panic buying pensions

Panic buying pensions

Monday, March 16, 2020

What on earth can an empty supermarket shelf have to do with pensions?

Read more
Image for Looking forward to 2020

Looking forward to 2020

Monday, December 16, 2019

Three key themes can be identified that trustees of Defined Contribution (DC) schemes might consider as part of their investment strategy.

Read more
Image for 2020 pathways – Drawdown moves to 3G

2020 pathways – Drawdown moves to 3G

Thursday, May 2, 2019

We look at the emergence of new drawdown pathways since the introduction of pension freedoms and the next steps for trustees and schemes.

Read more
Image for If the cap fits

If the cap fits

Thursday, April 11, 2019

Ian Neale tackles the complexities of the charge cap.

Read more
Image for Getting ready for GMP equalisation

Getting ready for GMP equalisation

Friday, April 5, 2019

As schemes head towards completion of their GMP reconciliation, thoughts turn to the rectification process.

Read more
Image for Master trusts – let’s talk transitions

Master trusts – let’s talk transitions

Friday, January 4, 2019

With Master Trust Authorisation in full swing and talk of as little as 20 or even 12 master trusts remaining when final Authorisations are in, it may seem odd to be thinking of transitions. Is it too late to be talking about it? Haven’t all the decisions been made?  

Read more
Image for Creating a savings habit

Creating a savings habit

Wednesday, December 5, 2018

Francis Goss looks at how we develop habitual behaviours and discusses how the industry can learn from this and help create a savings culture.

Read more
Image for Hidden talents. Hidden value.

Hidden talents. Hidden value.

Monday, November 5, 2018

Richard Butcher shares his opinions on what the real value of transparent transaction cost data is. 

Read more
Image for Retirement choices: a DC trustee responsibility?

Retirement choices: a DC trustee responsibility?

Monday, October 29, 2018

Pensions freedoms have created a world of retirement choices for members since they were introduced in 2015. But where does this leave trustees of occupational DC schemes – Sackers ask, is it a DC trustee responsibility? 

Read more
Image for Building trust in the pensions system

Building trust in the pensions system

Monday, October 1, 2018

Many pension scheme members don’t trust the system and, argues Simon Hubbard, this might only get worse for future retirees. We need to give savers a clear idea of what to expect when they retire.

Read more
Image for The deadline has passed

The deadline has passed

Tuesday, May 22, 2018

Are trustees compliant?

Read more
Image for Clearer, quicker, tougher

Clearer, quicker, tougher

Monday, May 21, 2018

Clearer, quicker, tougher - why TPR's new mantra matters to you  

Read more
Image for Admin value for money – how do you judge?

Admin value for money – how do you judge?

Friday, May 11, 2018

Kim Gubler discusses the term 'value for money' and suggests guidance for Trustees to make sure they are getting it.

Read more
Image for Pension freedoms: sounds great, but is it working?

Pension freedoms: sounds great, but is it working?

Friday, May 4, 2018

Ian Neale debates the ideas proposed by the WPC when it comes to deciding what to do with your pension pot.

Read more
Image for PPF Levy – Do you know the score?

PPF Levy – Do you know the score?

Thursday, April 12, 2018

Ahead of the PPF levy deadline Robert Palmer explains how checking your data is correct could save more than just money.

Read more
Image for Your choice: over and out

Your choice: over and out

Friday, March 16, 2018

Minimum employer pension contributions to double and employee contributions treble but it still isn't enough. Ian Neale looks at the tough decisions members are facing in the coming months.

Read more
Image for DC Governance Evolves

DC Governance Evolves

Friday, March 9, 2018

PASA established its DC Governance Working Group that is to be educational, inspirational and fit for all.

Read more
Image for How to get ready for the annual Pension Benefit Statement (IORP II)

How to get ready for the annual Pension Benefit Statement (IORP II)

Friday, March 2, 2018

Jenny Monger highlights the key points from January's legislation and comments on 3 significant challenges administrators and trustees will face.

Read more
Image for The importance of planning your DC risks

The importance of planning your DC risks

Friday, December 15, 2017

Sacha van Hoogdalem discusses the complexities associated with considering DC offerings as an alternative 

Read more
Image for Changes are coming

Changes are coming

Thursday, November 2, 2017

Changes to auto-enrolment are coming, how can trustees ensure their members are prepared?

Read more
Image for The importance of engagement

The importance of engagement

Friday, October 20, 2017

How do you make long term savings relevant and what is to be done to encourage people to save more?

Read more
Image for The Troubles with DB Transfers

The Troubles with DB Transfers

Friday, October 6, 2017

The increasing trend of DB-DC transfers is having an impact on administration costs, systems and more importantly member outcomes due to consequential delays.With the causes for such increasing DB-DC transfers already well documented, we at Origo commissioned research to better understand the complex administration process and where the points of friction lie in order to help solve the Troubles with DB Transfers.

Read more
Image for Annual ONS Pension Schemes Survey records highest ever membership levels

Annual ONS Pension Schemes Survey records highest ever membership levels

Thursday, October 5, 2017

The Office of National Statistics (ONS) 2016 Occupational Pension Schemes Survey (OPSS) recorded total membership of UK schemes as 32.9million, the highest ever number.

Read more
Image for CPS report on auto-enrolment recommends reforms

CPS report on auto-enrolment recommends reforms

Friday, July 21, 2017

Ahead of the Department of Work and Pensions review of automatic enrolment, a new report by the Centre for Policy Studies (CPS) has outlined 12 specific pension reforms.

Read more
Image for ONS says 20 million 'sleep-walking' towards a disappointing retirement

ONS says 20 million 'sleep-walking' towards a disappointing retirement

Friday, June 30, 2017

Figures released by the Office of National Statistics suggest that 20 million working-age adults (16-24) are sleep-walking towards a retirement they are not prepared for.

Read more
Image for Young women financially anxious despite smaller gender pay gap

Young women financially anxious despite smaller gender pay gap

Friday, May 5, 2017

Millennial women are more financially anxious than their male peers, despite having the smallest pay gap of any age group, according to new research from the Pensions and Lifetime Savings Association.

Read more
Image for Allowance cap hits pensions savings for high earners

Allowance cap hits pensions savings for high earners

Friday, May 5, 2017

The annual pensions allowance could limit high earners from making significant contributions to their pension pots.

Read more
Image for Retirees risk tax bills, says Prudential

Retirees risk tax bills, says Prudential

Thursday, April 13, 2017

People planning to retire in 2017 could be risking unexpected tax bills by withdrawing more than the tax-free lump sum.

Read more
Image for Auto-enrolment tops half million mark

Auto-enrolment tops half million mark

Thursday, April 13, 2017

The 500,000th UK employer has completed their workplace pension duties, according to new figures released by The Pensions Regulator (TPR).

Read more
Image for LISA awareness low at launch

LISA awareness low at launch

Friday, April 7, 2017

The new Lifetime ISA (LISA) launched yesterday (Thursday 6 April), to a mixed reception.

Read more
Image for Young savers 'oblivious' to pension changes

Young savers 'oblivious' to pension changes

Friday, April 7, 2017

Young people are unaware of the significant changes to the pensions landscape, according to new research from Aviva.

Read more
Image for Auto-enrolment contributions should rise

Auto-enrolment contributions should rise

Friday, March 31, 2017

The amount people contribute to workplace pensions through automatic enrolment should increase in line with the increase in state pension age, according to the director of policy at Now Pensions.

Read more
Image for Savers let down by auto-enrolment

Savers let down by auto-enrolment

Friday, March 10, 2017

Millions of workers who are contributing to a workplace pension are being let down by the system, according to Aviva.

Read more
Image for DWP announces auto-enrolment review panel

DWP announces auto-enrolment review panel

Thursday, February 9, 2017

The Department of Work and Pensions has announced an external advisory group that will support the 2017 review into automatic enrolment.

Read more
Image for Pure DC ends up with too much risk being borne by the individual

Pure DC ends up with too much risk being borne by the individual

Monday, April 20, 2015

On the eve of his retirement from Westminster politics, veteran backbench MP David Willetts tells Louise Farrand how he considers the world of pensions to have changed during his 20 years in office

Read more
Image for Contribution increase for occupational pension schemes shown by ONS  survey

Contribution increase for occupational pension schemes shown by ONS survey

Monday, October 3, 2011

Overall contributions to private pension saving in the UK increased by £2.4 billion to £85.6 billion in the year from 2008 to 2009, according to the country's Office for National Statistics' latest pension survey

Read more
Image for Tumbling DC pots mean higher bills for companies

Tumbling DC pots mean higher bills for companies

Wednesday, September 28, 2011

Read more