Defined Contribution

LV= chief executive Mike Rogers has announced his intention to step down after ten years in the role.

The biggest stories this week were backlash over Bentley's plans to pass NI costs onto DB members, Rothesay Life buying two-thirds of Aegon's bulk annuity book, and speculation over the future of the British Steel scheme.

The pensions minister has called on the industry to devise a standardised document to present members' defined contribution (DC) savings in the same format.

The number of defined benefit (DB) industry professionals has declined by just 4% over the past five years according to the Pensions Management Institute (PMI).

Redington has hired Jinesh Patel as vice president of its defined contribution (DC) and financial wellbeing consulting practice.

Almost one in four workers expect to work past the age of 65 because of seven years of low interest rates according to Canada Life research.

Marjorie Ngwenya has been appointed as president-elect of the Institute and Faculty of Actuaries (IFoA).

Hymans Robertson and Spence & Partners were among those to receive the Institute and Faculty of Actuaries' (IFoA) quality assurance scheme (QAS) accreditation.

Acted as CEO since Martin Wheatley's departure

Trustees should not become complacent by thinking members who are auto-enrolled (AE) into default funds are adequately provided for, according to AHC.