Defined Contribution

Mobius Life has been appointed by River and Mercantile (R&M) as an investment-only platform and administrator for its defined contribution (DC) fiduciary management pension scheme clients.

Workers Pension Trust was one of the 30 master trusts to apply for authorisation ahead of the 31 March deadline, PP can reveal.

Evolve Pensions' Crystal Trust has absorbed the 2,500-member Moore Stephens Pensions Master Trust following the merger between Moore Stephens and accountancy business BDO in February.

An estimated 1.75 million people are missing out on £60m in tax relief on their pension contributions in 2019/20, as the net-pay anomaly continues, Royal London estimates.

A minority (13%) of trustees and corporate sponsors predict their organisation is "likely" or "very likely" to adopt a collective defined contribution (CDC) scheme by 2025, Willis Towers Watson finds.

Legal and General's (L&G) independent governance committee (IGC) has said the provider "used scale" to keep transaction costs low for funds in its workplace pensions business over 2018.

The Department for Work and Pensions has published its response to its consultation on the pensions dashboard - asking the industry to "create and test" consumer facing dashboards by the end of the year.

Aegon's independent governance committee (IGC) has said that overall, it has had "no specific cause for concern" over transaction cost reporting.

The Cheviot Trust was one of 30 master trusts that applied for master trust authorisation to The Pensions Regulator (TPR) prior to the window closing on 31 March, PP can reveal.

The Scottish Widows Master Trust and the Lewis Workplace Pension Trust have applied for authorisation to continue operating in the master trust market, PP can reveal.