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...After years of paying billions in deficit contributions, many employers are now reporting large surpluses in their company defined benefit plans....
...The $38tn US retirement system is one of the world’s largest, and US employers were among the first to shift from defined benefit pensions to defined contribution plans....
...UK ministers and the regulator must not “finish off” the remaining traditional pension plans offering millions of workers a secure retirement income by making them invest in less-risky assets “inappropriately...
...The BlackRock chief also warned that the rise of defined contribution pension plans had combined with the growing strain on the social security government retirement programme to leave the US particularly...
...The proposals come after the funding positions of defined benefit retirement plans have improved significantly over the past 18 months due to rising interest rates making it cheaper for the schemes to meet...
...Trustees of UK pension schemes would be prevented from taking “overly risky” decisions after government plans to ease employers’ access to billions of pounds in pension fund surpluses, ministers said....
...“Many defined contribution scheme members lack the financial education and confidence to choose their own pension provider....
...The proposals include a requirement for defined contribution pension schemes to disclose from 2027 how much they invest in the UK....
...Known as defined contribution plans, or 401k schemes, they put the onus on employees rather than leaving companies on the hook for future payments....
...The rise of defined contribution pension plans combined with the growing strain on the social security government retirement programme had left the US particularly unprepared for a huge increase in the retiree...
...The contrast between the defined contribution schemes of private companies and the inflation-linked defined benefit schemes of the public sector has become increasingly stark....
...Pension experts said the chancellor’s plans to require defined contribution schemes to publicly compare performance data against competitors would “pull back the curtain” on pensions....
...Assets invested in the fund via retirement accounts such as defined contribution plans would be “generally expected” to be transferred into Pimco’s Government Money Market Fund, depending on the terms of...
...The Pension Protection Fund’s Purple Book — the UK’s almanack of private sector defined benefit pensions — dropped on Wednesday....
...the contribution of our advanced technologies....
...The sharp fall in the deficit was in line with wider funding improvements for thousands of corporate defined benefit (DB) plans in the UK, which promise members a pension for life....
...But their job-hopping is causing a headache in the pensions market. Britons are jointly collecting tens of millions of defined contribution pension pots....
...This could be addressed, says New Financial, by increasing minimum pension contributions for workers enrolled in defined contribution schemes from 8 per cent of pay to 12 per cent over the next decade....
...In July, UK chancellor Jeremy Hunt announced a compact with nine of the UK’s largest defined contribution style plans to boost their investment in unlisted assets, such as private equity, start-ups and infrastructure...
...More than $10.4tn is in US defined contribution pension plans, and another $5.8tn is in individual retirement accounts, per the ICI....
...This would range from private sector defined contribution (DC) and defined benefit schemes to local authority pensions....
...Chancellor Jeremy Hunt certainly thinks so, and his Mansion House speech in July set-out how defined contribution pensions should invest 5 per cent of their assets in private equity, venture capital and...
...Pension members can look forward to greater security in retirement. And sponsors can look forward to the end of deficit reduction contributions....
...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...
...workers’ contributions are invested and their income in retirement depends on the performance of those investments....
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