Guided Retirement for DC Pensions what are the options


New Guided Retirement requirements proposed in the Pension Schemes Bill mean trustees of defined contribution (DC) pension schemes will need to select a "default pension benefit solution" for their members at retirement. The chosen solution has to provide an individual with a regular income throughout retirement and will become the default choice for any member who doesn't actively choose another solution at retirement.

How technology is changing the pensions conversation

Technology has the potential to transform how consumers see their pension savings. The transparency provided by dashboards could be a catalyst for greater engagement and changes in consumer behaviour. The pensions system must be ready to support a wide spectrum of consumer behaviours and support needs. From well-designed defaults to Targeted Support and simplified advice, firms and policymakers must empower consumer agency, while ensuring appropriate guardrails are in place.

Tackling small pension pots what employers can do now

Small pension pots are back in the spotlight. The government has made consolidation a central feature of the Pension Schemes Bill, aiming to make pensions simpler to manage and better value for savers. With around 13 million deferred small pots in the system and the number rising each year, action is overdue. But while reform is coming, the timelines mean savers may wait years to feel the benefits. Employers have an important role to play in closing the gap.

AI is transforming everything. What's the deal for M&A

 

Lifestyle Actuary

Dalriada Trustees Limited (Dalriada), one of the largest providers of professional trustee services to pensions schemes in the UK, has today announced the appointment of Sarah Brough as a professional trustee.

Lights Camera Actuary

For the next few months Zoe Bolton will be talking to the senior actuaries in these firms, getting a brief insight into their career paths and visions for the future. This month Zoe interviews Shil Patel the UK Managing Director at Dynamo Analytics

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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