Defined Contribution

The industry holds mixed views on government policy in defined contribution provision, Professional Pensions research has found.

Advice and guidance is not enough

HM Revenue and Customs (HMRC) paid out £37m in overpaid tax to pension freedoms users in the third quarter of the year, its quarterly figures have revealed.

Con Keating says the mutuality of CDC schemes is viable, and they can deliver attractive pension benefits over the long term

Pot luck on investment returns leaves savers playing "pensions roulette" in the years just before retirement, the Trades Union Congress (TUC) has said.

Trust-based defined contribution (DC) schemes with between one and five members face the highest ongoing charges for investing their retirement pot, research has revealed.

Defined contribution (DC) occupational schemes will be forced to disclose to members costs and charges associated with investing their retirement pots, the government has announced.

A quarter of businesses missed their auto-enrolment (AE) staging date with Aviva in the third quarter while more firms are leaving it until the last minute.

Just under 200,000 people accessed their pensions using Freedom and Choice in the third quarter of the year, HM Revenue and Customs figures have revealed.

Smart Pension is seeking to introduce a mechanism whereby its savers can add to their pension pot when making purchases online or the high street.