Done properly, DB to DC transfers can benefit the member, the trustees and the sponsor. But, as Mark Evans says, there is need for improvements in the area of transfer out processes.
Occupational pension scheme membership hit a record high in 2017, with more than 41.1 million people saving through the workplace, latest Office for National Statistics (ONS) data reveals.
Some 42% of defined contribution (DC) trustees believe that their investment strategies are 'less sophisticated' than those used by defined benefit (DB) schemes, according to a Hymans Robertson survey.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
Access to automation could explain why there is still a large gap in fees for large and small schemes, according to KGC Associates' ninth administration survey. Victoria Ticha looks at the findings
The Pensions Administration Standards Association's (PASA) Defined Contribution Governance (DC) Working Group has published guidance to help trustees, employers and administrators navigate an increasingly "complex" market.
Collective defined contribution should be brought back to the table, a panel at Pensions and Benefits UK argued. Victoria Ticha reports from the conference
The master trust is investing directly in commodities for the first time and setting up its first segregated mandate. Stephanie Baxter looks at this step change
In this week's Pensions Buzz, we wanted to know whether geopolitical risk will increase or decrease over the next six months, and how Guy Opperman has performed as pensions and financial inclusion minister over his first year in the post.
Increasing sponsor support or lowering member benefits will ultimately improve the funding position of defined benefit (DB) schemes, according to the European Insurance and Occupational Pensions Authority (EIOPA).