Defined Contribution

Fiona Matthews looks at the industry’s key governance concerns.

A number of solutions are emerging that may make financial advice more accessible for defined contribution (DC) savers according to a report by the Pensions Policy Institute (PPI).

Volatility has risen ahead of the EU referendum with markets already reeling from a deflationary scare driven by the oil price fall. Kristian Brunt-Seymour finds schemes must take action now to mitigate their risk exposures.

A considerable gap remains between public and private sector employer and employee contribution levels according to data from the Office of National Statistics (ONS).

Radically reforming the pensions tax relief system could disincentivise saving, according to a report by the International Longevity Centre - UK (ILC-UK) and Age UK.

The biggest stories were predictions the Chancellor would introduce a flat rate of tax relief, Merchant Navy Officers closing defined benefit to future accrual, and KPMG expanding its defined contribution team by a third.

Freedom and choice is producing unexpected results across DB and DC schemes

The independent governance committee (IGC) for Royal London has recommended a number of ways for the provider to improve value for money in the first chair's governance statement.

Tesco has appointed Legal & General as its defined contribution (DC) bundled pension provider.

The UK can pride itself on having the third largest pension system in the world, but the relative inefficiency of the UK defined contribution sector needs to be addressed, claims David Rowley who as a British journalist based in Sydney has spent the last three years reporting on Australian superannuation.