Hints and tips:
Related Special Reports
...The BlackRock research found the recent volatility has also increased interest in retirement products that protect defined contribution plan participants from big market swings....
...“HSBC were too late getting to the market, as it was already consolidating,” said Damon Hopkins, head of defined contribution workplace savings, at Broadstone, the employee benefit consultants....
...Indeed, chancellor Jeremy Hunt’s 2023 Mansion House compact set out to do just that with regard to defined contribution schemes....
...But in the private sector, many DB schemes have closed to new accruals, so you may have to join the defined contribution offering, he says....
...The final loophole that could be closed is the tax relief on defined contribution pension pots, which can currently be passed on free of inheritance tax....
...The market reaction owes something, thinks Numis, to a sharp reassessment of whether SJP can now take advantage of opportunities to capture UK defined contribution pension money, as peer AJ Bell has successfully...
...contributions, in the months ahead....
...PEPs allowed investments in authorised unit trusts and investment trusts if at least 75 per cent of the value of the investments held by the fund were invested in eligible UK companies....
...Additional contributions from Tee Zhuo and Benjamin Wilhelm...
...More than $10.4tn is in US defined contribution pension plans, and another $5.8tn is in individual retirement accounts, per the ICI....
...Private-sector workers in the UK are moving away from defined benefit pension schemes — where they receive a guaranteed income for life based on their final salary — to defined contribution schemes, where...
...Additional contributions from Grace Ramos and Benjamin Wilhelm...
...contribution schemes; assets that wealth managers can charge a fee to manage....
...And the wild differences between the investment performance of defined contribution default funds of UK master trusts — a type of pension scheme where multiple employers in different areas pool their staff...
...* There are problems with the ONS’s defined contribution data. The ONS reckons that DC assets totalled £223bn at the end of 2022....
...(I’m referring to company-funded DB pension schemes; a “defined contribution pension” isn’t a pension, as the dictionary defines it: it’s an at-your-own-risk investment product with tax relief.)...
...In fact, they project that defined contribution pension pots will be slightly smaller if they make the switch from public to private equity, once fees are taken into account....
...The ‘super’ size advantage First, Australian pension schemes are big defined contribution (DC) funds, with all the extra investment muscle and cost efficiencies that brings....
...Finally, as defined benefit plans collapsed, the public was pushed into defined contribution plans that impose too much risk for individuals to manage easily....
...Unlike traditional “defined benefit” pension plans, where retirement income is guaranteed, newer “defined contribution” plans provide no certainty over eventual retirement income, with outcomes largely dependent...
...To complicate matters further, defined-contribution assets are roughly equally split between trust-based schemes (regulated by The Pensions Regulator) and contract-based structures (generally operated by...
...Commemorating 1973 is important because “the blueprint was put down [then]”, said Matthew Phillip, chief executive of Carnival Village Trust, which oversees the event....
...And so, among other things, the biggest defined contribution (DC) pension providers are being asked to redirect into UK private equity 5 per cent of the investments held in their default schemes....
...“In the defined contribution [pension] space, some employer clients are reviewing their policy on the payment of salary supplements, where pension contributions have previously been restricted due to either...
International Edition