Articles and surveys covering the administration of retirement benefits and other employee benefits. The most read white papers on pensions administration cover topics such as pensions accounting and reporting standards, pensions communication, scheme governance, and pension obligations. Other reports consider the latest research on pensions performance, pension scheme members, and pension information security. This section includes articles on how to maximize employee engagement, third-party administrators, and surveys on retirement communications. Further papers cover current and emerging global benefit themes, pensions technology, pensions and investment regulation, and decisions relating to normal retirement age and retirement education.
The GfK, on behalf of The Pensions Regulator, provides the key findings of the 8th annual survey of scheme governance in this report. The research covers trust-based DC (Defined Contribution), DB (Defined Benefit) and hybrid schemes containing at least 12 members.
OPTrust released Climate Change: Delivering on Disclosure, a position paper that details the fund’s approach to navigating the complexities of climate change with respect to institutional investing and includes a call for collaboration in the development of standardized measures for carbon disclosure. The position paper is accompanied by a report by Mercer titled ...
This Report summarises the findings of EIOPA and puts forward Good Practices with regard to the use of different communication tools and channels to communicate to members of occupational pension schemes operated by Institutions for Occupational Retirement Provision (IORPs) and insurance undertakings.
This paper gives findings from the 2015 Aon Hewitt Administration Survey. It provides an interesting overview of today's administration landscape, with commentary on outsourcing levels and cost, among other things. The paper is broken into a number of sections including 'Approaches to Pensions Administration', 'Pensions Priorities' and 'Pension Communications'.
This 19-page report by Willis Towers Watson presents the findings of a recent survey which shows that use of digital technology by super funds is on the rise. Funds are increasingly using new technologies and refining existing ones.
This 2014 paper by Towers Watson provides insights into the processes by which leading companies take advantage of the opportunities that are presented by benefit provision in order to increase business value. Multinational organizations spent resources extensively in the provision and finance of active and former employee benefits, as well as in oversight management and governance ...
In this issue of GRS Insight, the authors provide explanations of the changes heralded by the new standards of the GASB. Given the complex nature of the changes, this explanation is not intend to be comprehensive.
In this 2011 article, Allison Plager reports that the Third Party Administration market is very busy, both for newcomers and those reviewing. The choice of administrator is wide and the presence of web technology means data quality is crucially important.
The Regulator is continuing its drive to improve governance standards across pension schemes. As well as launching a governance campaign, it has set out how it will generally use its powers to impose monetary penalties and published a revised description of who it considers to be a professional trustee.
This guide explains how data management systems work. It explores the importance of managing data and is intended to help trustees understand the different options for holding and managing scheme data.
Do you know with certainty whether your plan is operating in full compliance with the plan document? Are you confident that it is operating in accordance with the rules of the Internal Revenue Service (IRS), the Department of Labor (DOL) and the Employee Retirement Income Security Act of 1974 (ERISA)? If you answered “no” to either question, you and your plan could ...
IFF Research was commissioned by The Pensions Regulator to perform a quantitative research study, with the goal of improving the understanding of the costs of administration of DB (defined benefit) pension schemes. 316 private sector schemes completed this survey and the results are discussed in this report.
The National Association of Pension Funds (NAPF), now the Pensions & Lifetime Savings Association (PLSA), commissioned Opinium Research to develop an understanding of the degrees of awareness and interest held by members of UK pension schemes with regards to how and where their savings were invested. This report presents the study findings.
Institutional investors are currently facing a wide range of pension management risks and challenges: together with the current low interest environment in the wake of financial repression, new European regulatory and accounting standards, such as Solvency II or IAS 19, are changing the previous approaches to risk management by institutional investors as well as their ...
Use your RMDs on a gift your grandkids will never outgrow
By Tom Rowley, Director, Retirement and Education Strategies
In 2017, the oldest of the baby boomers became familiar with required minimum distributions (RMDs), the minimum amount you must withdraw from certain retirement accounts once you reach age 70½. Clearly, the IRS wants to ensure retirees have plenty ...
Most members of DB pension schemes are not obliged to take scheme benefits at scheme pension age. In many cases they have options to reshape their benefits either by remaining within the scheme or by transferring out some or all of their rights. This survey looks at how DB pension schemes communicate with their members and what options are being provided to members.