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Defined contribution News
Premier Foods to shut final salary scheme to new entrants
Professional Pensions | 04 Aug 2010 | 12:46
Premier Foods aims to close its defined benefit pension schemes to new members by April, next year in a bid to tackle a £431m combined deficit.
Managers welcome tax-relief proposals
Nearly four-fifths of scheme managers have welcomed the government’s decision to investigate alternative methods of implementing tax-relief restrictions on pension contributions – including reducing the annual allowance to as little as £30,000
Professional Pensions | 29 Jul 2010 | 11:09
Industry backs govt moves on annual allowance
Treasury plans to curb the annual allowance to about £40,000 rather than slash tax relief for high earners have been backed by the industry.
Professional Pensions | 28 Jul 2010 | 12:17
Other Defined Contribution News Articles
Scottish Life sees new pensions business up 62%
Scottish Life, the pensions division of Royal London, has seen new business increase by 62% to £1.1bn in the six months ending June 30.
Professional Pensions | 28 Jul 2010 | 11:51
Auto-enrolment investigation panel questions industry
The independent panel of experts tasked with assessing the viability of auto-enrolment and NEST has finished a run of seminars with stakeholders.
Professional Pensions | 28 Jul 2010 | 11:30
Treasury consults on revised tax relief restrictions - UPDATE 2
The shape of changes to the pension taxation system should be confirmed by the end of September, a Treasury consultation paper says.
Professional Pensions | 27 Jul 2010 | 11:23
Over 50s must re-engage with retirement plans
Women aged over 50 must re-engage with their pension planning as just 38% are saving adequately for retirement, Scottish Widows warns.
Professional Pensions | 21 Jul 2010 | 11:58
Mid-cap bosses’ pension pots lag behind blue chip counterparts
FTSE100 bosses on average receive pension contributions of £267,000 per year – three times the level of FTSE250 executive directors, a survey shows.
Professional Pensions | 21 Jul 2010 | 11:54
Sesame Bankhall to offer restricted advice service
Sesame Bankhall will launch a restricted advice service for at-retirement customers with small pension pots.
Professional Pensions | 20 Jul 2010 | 10:45
MIR annuity hurdle could be as high as £300,000
The pension pot needed to satisfy the minimum income requirement could need to be as much as £300,000 in order to stop people falling back on state benefits, Towers Watson says.
Professional Pensions | 16 Jul 2010 | 12:39
Declining pension pots compounds need for retirement age increase
The decline in retiree’s pension pots and increasing life expectancy supports the need for an increase in the retirement age, Aon Consulting says.
Professional Pensions | 16 Jul 2010 | 10:34
Alliance Boots staff given more time to apply for DC scheme
Alliance Boots employees will be given extra time to reapply for a new defined contribution pension scheme after the firm refused to allow members to “reserve rights” as part of the joining process.
Professional Pensions |
08 Jul 2010 | 09:00 
European Green Paper reopens Solvency II issue for schemes
The European Commission has launched a Green Paper reopening the issue of solvency standards in pension schemes.
Professional Pensions |
07 Jul 2010 | 13:01
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