PTL Blog

DC Schemes risk letting down members because they are lacking strategic objectives

Posted by Richard Butcher on Jan 6, 2016 12:14:03 PM

DC pension schemes are risking letting down members because they lack a strategic objective.

To mitigate this, PTL has created a DC scheme mi

ssion statement and blueprint which defines a strategic objective and clear principles for trustees to set the standards of their DC pension scheme against.

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Topics: Defined Contribution, pension freedoms, dc, pension trustee services, independent pension trustees, independent trustee uk, independent trustee services ltd

Pension Transfers: More speed less haste

Posted by Richard Butcher on Jun 18, 2015 9:39:00 AM

Many years ago shortly after I first got into the pensions business I was taken aside by my boss and given a short but useful talking to. I was, at the time, the most junior of junior pensions administrators. I was young and energetic and I poured my heart and soul into what ever I was doing. I worked hard (I played hard) and I worked fast. 

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Topics: Pensions, Risk Management, pension freedoms, april 2015

FREEDOM! – eh, do you mind if I don’t, thanks

Posted by Richard Butcher on May 20, 2015 9:00:00 AM

First published in Engaged Investor Online at 20 May 2015

Although not a very true representation of the truth, the Mel Gibson film Braveheart was a cracker. Beautiful scenery, atmospheric music, drama, excitement, limbs being hacked off and a truly appalling Scottish accent.

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Topics: Defined Contribution, Pensions, pension freedoms

Manifesto Pensions Bashing: Let’s say it as it is, within a positive context!

Posted by Colin Richardson on Apr 17, 2015 9:56:00 AM

Breaking the golden rule of consulting, (don’t talk to clients about sex, religion or politics unless they raise it: in which case your views are the same as theirs and you let them do the talking), I’m going to stray into the murky world of the party manifestos and the bashing of the pensions system.

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Topics: Pensions, pension freedoms, april 2015

The Pension Freedoms and all that jazz: Five things it means for employers

Posted by Richard Butcher on Apr 9, 2015 3:18:00 PM

1. Who gets the freedoms?

Anyone with a pot of money in a defined contribution (DC)/ money purchase pension scheme.

If you provide your employees with a trust based DC scheme you need to decide, with the trustees, the extent to which you want to allow access to the new freedoms. You might allow members to only take their pot in one go, or you might allow them to take their pot in chunks as they choose. The more flexibility you offer the greater the operational costs and risks.

You do not have to allow access to the freedoms. You can decide that the members’ only option is to transfer to another pension scheme.

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Topics: Defined Contribution, pension freedoms, money purchase pension scheme, april 2015

The Pension Freedoms and all that jazz: Five things it means for pension trustees

Posted by Richard Butcher on Apr 9, 2015 3:11:00 PM

1. Who gets the freedoms?

Anyone with a pot of money in a defined contribution (DC)/ money purchase pension scheme.

If you are a trustee of a DC scheme you need to decide, with the employer sponsoring the scheme, the extent to which you want to allow access to the new freedoms. You might allow members to only take their pot in one go, or you might allow them to take their pot in chunks as they choose. The more flexibility you offer the greater your operational costs and risks.

You do not have to allow access to the freedoms. You can decide that the members’ only option is to transfer to another pension scheme.

Read More

Topics: Defined Contribution, pension freedoms, april 2015

The Pension Freedoms and all that jazz – Five things it means for pension trustees

Posted by Richard Butcher on Mar 6, 2015 12:09:00 PM

1. Who gets the freedoms?

Anyone with a pot of money in a defined contribution (DC)/ money purchase pension scheme.

If you are a trustee of a DC scheme you need to decide, with the employer sponsoring the scheme, the extent to which you want to allow access to the new freedoms. You might allow members to only take their pot in one go, or you might allow them to take their pot in chunks as they choose. The more flexibility you offer the greater your operational costs and risks.

You do not have to allow access to the freedoms. You can decide that the members’ only option is to transfer to another pension scheme.

Read More

Topics: Defined Contribution, pension freedoms, april 2015

The Pension Freedoms and all that jazz – Five things it means for employers

Posted by Richard Butcher on Mar 6, 2015 11:46:00 AM

1. Who gets the freedoms?

Anyone with a pot of money in a defined contribution (DC)/ money purchase pension scheme.

If you provide your employees with a trust based DC scheme you need to decide, with the trustees, the extent to which you want to allow access to the new freedoms. You might allow members to only take their pot in one go, or you might allow them to take their pot in chunks as they choose. The more flexibility you offer the greater the operational costs and risks.

You do not have to allow access to the freedoms. You can decide that the members’ only option is to transfer to another pension scheme.

Read More

Topics: Defined Contribution, pension freedoms, money purchase pension scheme, april 2015

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