Defined Contribution

Major jobs cuts are anticipated at pension services firm Diligenta which provides services to some of the biggest pension insurers.

Aegon has agreed to purchase BlackRock's defined contribution (DC) platform and administration arm, increasing its platform-based workplace savings business to £30bn.

The Chancellor's lifetime ISA (LISA) threatens to obstruct pension saving down the income scale according to Association of Consulting Actuaries chairman David Fairs.

Half of managers that are signatories to the United Nations backed Principles for Responsible Investment (PRI) in reality have a weak responsible investment rating, according to research.

Women planning to retire this year are far more reliant on the state pension than their male counterparts according to Prudential research.

The Pensions Regulator (TPR) is issuing an increasing number of escalating penalty notices (EPN) to get companies to comply with their auto-enrolment (AE) duties.

A quarter of a million people have taken advantage of freedom and choice since the reforms came into effect last April, according to official figures.

Most of the industry believes employers are unlikely to absorb the increase in national insurance contributions, according to PP research.

The number of savers on the right track to receive their desired pension income has increased to 12% from 7% a year ago according to research from Aegon.

What impact has freedom and choice had on the behaviour of those looking to access their retirement savings? Gill Wadsworth takes a look.