Whilst it is reassuring that the highest rates of regulated advice use are from those that go into drawdown – 69 percent according to the Financial Conduct Authority (FCA), it is weighted towards those with larger pot sizes. Overall, accessing pension pots early has become the norm. The FCA found that 72 percent of pots that have been accessed are by consumers under 65 - most choosing to take lump sums rather than a regular income.
Published: 26 November 2017
Employers selecting DC default investment funds for their workforce pensions assume they’re making a wise investment choice. However, a new report, ‘Who’s performing well?’ Article by Steve Butler, Chief Executive, Punter Southall Aspire.
Published: 12 September 2017
In 2016, employers contributed £42 billion[i] to UK workplace pension schemes. A sum which is not inconsiderable and one that is only likely to increase as greater number of employees become automatically enrolled. But apart from fulfilling your regulatory requirements, what is your company actually getting for your significant investment in the UK pensions industry? Article by Matthew Doyle, Managing Director of the Pensions Quality Mark (PQM).
Published: 9 September 2017
This feature will take a look at the face of constant change involved in pension schemes and how HRDs can win buy-in from employees. It will look at the different types of change occurring as well as the key communication methods and procedures HRDs have to meet to make sure the transition is met smoothly. Article by Karen Partridge at AHC. She is Head of Client Services - UK & Australia.
Published: 24 August 2017
The Pension Regulator’s latest figures on auto-enrolment for the year up to 31st March revealed that it had significantly increased its inspections on businesses and it increased its use of powers to crack down on firms whose auto-enrolment schemes were found to be non-compliant. From Steve Butler, CEO - Punter Southall Aspire.
Published: 6 August 2017
I was sitting with an employer last week talking through their efforts to get staff to plan for retirement. They had a generous pension scheme where employees contribute 3 percent and the employer will contribute 6 percent all the way up to a potential 6 percent employee and 12 percent employer. Article by Philip Blows, Director.
Published: 18 March 2017
When the Pensions and Lifetime Savings Association (PLSA) launched the Pension Quality Mark (PQM) in 2009, it was with the goal of setting an aspirational standard for the market which identified those defined contribution (DC) schemes that went well beyond the regulatory minimum.
Published: 21 February 2017
Ian Price, Divisional Director for Pensions and Consultancy at St. James’s Place, comments on the increase in final salary pension transfer values as schemes look to offload liabilities.
Published: 27 January 2017
Top tips on how employees could avoid losing their pension to scams and fraudsters, provided by WEALTH at work.
Published: 22 December 2016
The Pensions and Lifetime Savings Association (PLSA) has published new research analysing the incomes different UK generations can expect in ... View Article
Published: 23 November 2016