Pension news and articles written by actuaries for actuaries - read the latest research pieces, today's news and latest articles in the Pension's market.

DC or DB pension - some people will always behave the same.

By Dale Critchley, Technical Reform Manager, Corporate Benefits, Friends Life, part of the Aviva Group

Lots of things have changed since then - the typing pool has gone, along with the defined benefit pension scheme, but it seems that attitudes to pension saving remain relatively constant. Aviva’s Working Lives Report has revealed that after being automatically enrolled nearly 1 in 5 employees in small businesses admit that they are unaware of where their pension contributions are being invested. If we look at the figures across all employees in the private sector, it means close to 1.5 million people do not know what is happening to their savings. I predict that figure will grow as the auto-enrolled population expands.
 
When I was enrolled engagement didn’t matter so much. Investment risk lay with my employer. With defined contribution the risk is of course transferred to the employee. Unfortunately, like a reluctant game of pass the parcel, employees don’t seem to want to grapple with investments or even acknowledge it is their turn to take control.
 
Engagement is one answer to this problem - finding some way to make pensions more interesting than Coronation Street or watching cats on YouTube, or ...Read More

Latest Pension Articles

New research from the PSIG uncovers depth of pension scams
18 February 2019
You may get six figure tax bill after tiny uplift to pension
18 February 2019
Keeping pensions safe for the millions newly saving
15 February 2019
Illiquid alternatives could increase DC pensions ten percent
14 February 2019
Fraudster families running multimillion pound pension scams
14 February 2019
Seven years in jail for bosses who recklessly risk pensions
13 February 2019
IAS19 update for year end 31 March 2019
13 February 2019
Pension schemes plan to convert GMPs into other benefits
13 February 2019
Are CDCs the best of both worlds
12 February 2019
Ratings for fiduciary managers introduced by KPMG
12 February 2019
The Pension Protection Fund issue the latest PPF 7800 Index
12 February 2019
Can small schemes invest like multi billion pound peers
12 February 2019
Transfer values fluctuate in January but end month unchanged
12 February 2019
Hymans Robertson and Aegon on pensions ten million milestone
11 February 2019
Pension industry has to step up GMP equalisation planning
11 February 2019
Global DC pension assets exceed DB assets for the first time
11 February 2019
Mismanaging company pension could mean seven years in jail
11 February 2019
Despite record employment of over 50s millions retire early
11 February 2019
Accounts manager fined heavily for workplace pension lies
08 February 2019
Pension Protection Fund publishes Gender Pay Gap report
07 February 2019
View More News View More Articles

New research questions CFO's on risk to their DB scheme

Key points:
• A third of CFOs** recognise their Defined Benefit (DB) schemes are now paying out more in pension payments than received in contributions
• Research* shows 50% of FTSE350 DB schemes are now in this situation
• Awareness of the risks this poses is higher among CFOs than trustees – 1 in 5 CFOs recognise that a forced sale of assets to meet pension payments is the biggest risk to their DB scheme compared to only 4% of trustees
• In 2015 £20bn more was paid out in pensions than received in contributions across UK DB schemes
• This will increase to &poun...Read More

Governance in Action

By Lydia Fearn, head of DC & financial well-being at Redington
 
How do we in the pensions industry help our members to not only save more for a better future for themselves, but gain trust in a system that they feel has failed them on epic levels?
 
Many of us are still raw from the global finance crisis which cast governance under the scrutiny of a despairing public. In 2009, Regulators began forensic analysis of existing procedures across industries. The then NAPF (now PLSA), following a period of analysis, described ‘a governance vacuum’ around defined contrib...Read More

PwCs Insurance insights to IFRS 17

Latest World News

Mon, 18 Feb 2019 Seven lawmakers quit UK Labour Party citing Brexit 'betrayal', anti-Semitism
Mon, 18 Feb 2019 Ireland says no-deal Brexit would be 'crazy outcome'
Mon, 18 Feb 2019 U.S.-backed Syria force seeks help with Islamic State prisoner 'time bomb'
Mon, 18 Feb 2019 U.S.-backed Syrian forces call for 1,500 coalition troops to stay
Mon, 18 Feb 2019 Army to be 'ruthless' against tampering in Nigeria's postponed vote: Buhari
Mon, 18 Feb 2019 Suspect in Istanbul nightclub attack denies charges: Anadolu
Mon, 18 Feb 2019 Poland pulls out of Israel summit in row over WW2 role
Mon, 18 Feb 2019 Twin blasts in rebel-held Syrian city Idlib kill at least 15
Mon, 18 Feb 2019 India says mastermind of Kashmir bombing killed in clash
Mon, 18 Feb 2019 Bulgarian ruling party scraps election code revisions after opposition walkout

Lifestyle Actuary

Barnett Waddingham appoints Rosie Fantom as Bulk Annuity Consultant to its Corporate Consulting team.

The Luddite

Sam Richardson looks into the up and coming and the outgoing of the technology and gadgetry world in 2014.

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

Site Search

Exact   Any  

Latest Actuarial Jobs

Digital Magazine

LATEST EDITION - OUT NOW

Actuarial Post's Digital Magazine Issue 90

Claims Handling Evoling

Click the image above to view. Click here to receive your future copies of our monthly magazine

Author Companies

Actuarial Jobs & News Feeds

Jobs RSS News RSS