More than four out of five private-sector pension schemes have no plans to introduce defined contribution arrangements, according to JPMorgan’s Fourth Annual Defined Contribution Industry Survey. The survey found that 84 per cent of private-sector defined benefit schemes have no plans to offer defined contribution while almost 50 per cent of private-sector defined benefit schemes were closed to new members or not available to everyone. In addition, it noted that only 1 in 10 pension schemes believe the Government’s Green Paper on Pensions will encourage more retirement saving. However, fifty per cent of those surveyed in 2003 now offer staff a DC scheme, up from 39 per cent in 2002. A further 16 per cent of DB schemes in the private sector intend to introduce a DC scheme in the next five years. Based on an analysis of those private sector organisations that took part in both the 2002 and 2003 surveys, 12 per cent have introduced a DC scheme in the last year compared with a 10 per cent shift in the previous year’s survey.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more