Defined Contribution

Lack of an agreed definition of value for money is posing many challenges for the industry. Kristian Brunt-Seymour looks at research by the Pensions Policy Institute which suggests a number of solutions

Failure to find an agreed definition of the ‘value for money’concept means trustees and providers are unable to provide schemes in the best interests of all members, according to the Pensions Policy Institute (PPI).

Martin Collins has joined KPMG as director of its team that advises banks and trustees on managing pension liabilities.

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.