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....
...More than $10.4tn is in US defined contribution pension plans, and another $5.8tn is in individual retirement accounts, per the ICI....
...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....
...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...
...Money Clinic 🎧: In this episode, “AI maximalist” Ben Rogoff, lead fund manager of the £3.5bn Polar Capital Technology Trust, explains what informs his investment strategy and how he responds to fears of...
...Additional contributions from Tee Zhuo and Benjamin Wilhelm...
...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...
...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....
...contribution schemes; assets that wealth managers can charge a fee to manage....
...* 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.)...
...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...
...The reforms seek to do that with a pact among a number of large financial service firms to allocate at least 5 per cent of their defined contribution default fund client assets to unlisted equities by 2030...
...The sensible alternative, however, is in the middle — collective defined contribution schemes: eternal funds that promise pensions based on actual long-term returns....
...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...
...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....
...Commemorating 1973 is important because “the blueprint was put down [then]”, said Matthew Phillip, chief executive of Carnival Village Trust, which oversees the event....
...L&G’s Wilson said that defined-contribution funds could be similarly mandated to invest 10 to 20 per cent in growth equity and infrastructure....
...to their company retirement fund....
...We will give new powers to The Pensions Regulator and Financial Conduct Authority to ensure better value from Defined Contribution schemes by judging performance on overall returns not cost....
...“Defined contribution” pension funds are in a very different place and offer a far more optimistic outlook. This is where attention should be paid to the regulatory environment....
International Edition