Hints and tips:
...“It makes no sense for UK savers that they can only gain these ingredients when their pension fund sponsor goes broke.”...
...The fragmentation of defined contribution plans is even worse, with nearly 27,000 funds. With private sector DB plans mostly closed, workers will depend on inadequate DC plans....
...so-called default funds for defined contribution pension savers to unlisted equities by 2030....
...They may also be offered a pension with a local government retirement scheme....
...The future is DC Attention is also now switching to defined-contribution schemes, where workers’ contributions are invested and their income in retirement depends on the performance of those investments...
...By 2030, the majority of workplace DC savers will have their pension pots managed in schemes of over £30 billion and by 2040 all local government pension funds will be invested in pools of £200 billion or...
...We need to push for the consolidation of the fragmented defined contribution pensions plans nationwide....
...Richard Portes: No single one! Serious planning reforms. Terminating HS2, using funds for other infrastructure investment. Reversing immigration restrictions....
...It will include measures to unlock productive investment from defined contribution pension funds and other sources, make the London Stock Exchange a more attractive place to list, and complete our response...
...We protect workers with the biggest ever increase in the National Living Wage… …and our pensioners on the triple lock with the biggest ever increase in the state pension....
...Most UK workers’ pension schemes use a defined contribution model, meaning the value of the pot is based on how much is paid in, plus investment returns....
...Under the plan, currently working judges and teachers have their defined benefit pension rights frozen in place, and are now shifted to defined contribution plans....
...As the cost of new pension promises has spiralled in the past 20 years, companies have closed their DB schemes, replacing them with less generous defined contribution (DC) pensions — with no guarantees,...
...Currently defined contribution pension savings can be passed to beneficiaries free of all taxes in the event of death of the member before age 75....
...In the US in 1980 around 40 per cent of all pension plans were defined contribution, meaning their value depended on how much money a worker put in over their careers....
...Local authorities redesigned town centres to favour walking and cycling over polluting private car access, and gave more space on streets to local businesses....
...She could start taking a taxable income from her defined contribution pension, an invested “pot of money” that is the standard UK retirement savings vehicle....
...Tomlinson’s comments came as large defined contribution funds in the UK are being encouraged to direct more of their cash to illiquid investments, such as infrastructure and commercial property....
...The firm analysed data for defined benefit schemes, defined contribution schemes, local government pension schemes, the Coal Board pension schemes and self-invested personal pensions....
...His unenviable role was to convince large, sclerotic German companies — including Deutsche Telekom, Siemens and Deutsche Bahn — to change their pension schemes from defined to contribution-based plans and...
...Jacob Nell: We expect the chancellor to announce higher taxes (tax relief on pension contributions, alignment of CGT with income tax and some green taxation looks plausible candidates to us), likely to be...
...But one area that has largely escaped unscathed up until now is the $1.7tn target-date fund market, which has experienced runaway growth and is a central plank of the US defined contribution retirement system...
...One area of focus will be tapping into the defined contribution retirement sector — which online newspaper Pensions & Investments estimates to be worth about £60bn in the UK....
...Sovereign wealth funds and large pension funds are increasingly divesting from companies that do not meet social standards....
...Banding together to offer a pension scheme to workers has benefited employers in certain sectors....
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