Pension bosses call for flexible systems to support increased savings

first_imgMargaret Snowden, chair of the Pensions Administration Standards Association, added: “I think we make it hard for people to save sometimes by insisting that they save X percent every week or every month without fail.“A little bit more flexibility to allow them to increase or decrease contributions as they go through life would be favourable. We need our systems to be a lot more flexible, to cater to what the members actually do.”Bill Galvin, chief executive of the Universities Superannuation Scheme (USS), the UK’s largest pension fund, echoed calls for flexibility to help cope with the rising cost of retirement provision and help individuals “manage through changes in circumstances and changes in their position”.Dean also highlighted research being done by NEST’s Insight arm into the potential benefits of so-called “sidecar savings”. NEST launched a pilot programme earlier this year designed to help auto-enrolled savers build up an emergency pot of liquid savings alongside their pension.She cited Harvard University research that had shown benefits for individual savers in terms of health, financial wellbeing and pension saving, and called for more research into similar areas.“There’s quite a bit of academic research looking at… how can you translate a long-term goal into a short-term goal for someone,” Dean added. “Should you talk about saving a certain amount of money this year? Or is it better to say, ‘you’ve bought a year of retirement’? We need to understand what works in practice: try different things with cohorts of members and do proper A/B testing to see what works.”The PLSA this morning launched a set of “Retirement Living Standards”, an illustrative framework to help individuals picture the lifestyle they want when they retire and what it might cost. Forthcoming regulations should focus on making the UK pension system more flexible for defined contribution (DC) savers, according to speakers at the Pensions and Lifetime Savings Association’s (PLSA) annual conference in Manchester.Helen Dean, chief executive of £8bn ((€9.3bn) DC master trust NEST, called for a more holistic approach to retirement savings, taking into account long-term and short-term savings as well as “scalable, affordable solutions” for the decumulation stage, in particular for lower earners.“Automatic enrolment has been a great thing – it’s got people saving, and it’s a great foundation to build on,” Dean said. “But having built the foundations, we now need to build the house.”She highlighted women and self-employed workers as two groups requiring more flexibility than the current DC system allows.last_img read more


English wins Ireland’s first medal

first_img Scotland’s Guy Learmonth faded to finish last in 1:47.84. English said: “I had a lot of energy at the end. I was trying to keep in line and keep in touch with Lewandowski because he is very hard to pass. “The first two laps were close to 50 seconds, so quite fast, but I kept accelerating and found the energy. “Also we did not have much time to relax. Usually there is a day’s rest between the semi-finals and finals in the outdoor season, but I have to get used to it. “I will celebrate tonight because you do not get a medal every season.” Mark English landed Ireland’s first medal at the European Indoor Championships as he timed his finish to perfection to take silver in the 800 metres in Prague. Press Associationcenter_img The 21-year-old, a European bronze medallist outdoors last summer, chased down Thijmen Kupers and dipped to cross the line in one minute 47.20 seconds, edging out the Dutchman by 0.05secs. Poland’s Marcin Lewandowski was the convincing winner in 1:46.67. last_img read more


Scott Rice Memorial Golf Tournament winners announced

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comment (1) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. 0 Vote up Vote down Stacy · 272 weeks ago It should say Lanie Thurman instead Bill Mock in 3rd place for the 2nd flight. Report Reply 0 replies · active 272 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments 2015 Scott Rice Memorial Scholarship winners.Sumner Newscow report — The rain held off enough Saturday so that the Scott Rice Memorial Golf Tournament could be played at the Wellington Golf Club Saturday. Ileena Arnett and Ian Young of Caldwell were named the Rice scholarship recipients.The following are the team winners of the 2015 Scott Rice Memorial Tournament:First Flight   1st 55: $80 each         Rusty Lane, Nick Edge, Bo McGown, Justin Ryan.   2nd 56: $60 each         Darren McDorman, Mark Bales, Gary Richmond, Derek Harrison.   3rd 57: $40 each         Carter Benecke, Chaney Stallbaumer, Chad Whaley, Nick Becker.      Second Flight   1st 65: $80 each         Tim Webster, Alec Webster, Braden Lebeda, Mike Lebeda.   2nd 66: $60 each         Sean Blosser, Tim Blosser, Marty Blosser, Lesly Blosser.   3rd 66: $40 each         Bill Mock, Taylor Roop, Byron White, Breck Roop.      Third Flight   1st 72: $80 each         Phil Harper, Jim Bolden, Doug Kinney, Denny Harper.   2nd 73: $60 each         Weston Almond, Matt Johnston, Zach Johnston, Joel Hartman.   3rd 74: $40 each         Zach Turner, Equis Woodin, Billie Jackson, Eric Eaton.Follow us on Twitter.last_img read more