Defined Contribution

Executives at blue chip companies had average employer contributions worth 34.1% of salary last year, according to the Trades Union Congress (TUC).

The National Association of Pension Funds (NAPF) has appointed Frank Johnson as chair of its defined benefit (DB) council, and Richard Butcher as chair of its defined contribution (DC) council.

What are the big challenges facing schemes?

Just Retirement and Partnership are looking to raise £150m in equity capital to help meet the costs of their planned £1.6bn merger announced in August.

Dissatisfaction with annuities which came to be seen as poor value could be repeated for the pension reforms if members are not given flexibility says Janette Weir.

Trustees who do not consider digital solutions to deliver financial advice to members should think again according to the People's Pension.

Developing rules of thumb could help members manage their defined contribution (DC) pots better for retirement according to the Pensions Policy Institute (PPI).

Active membership of occupational pensions has increased by over two million but average contributions have halved says the Office for National Statistics (ONS).

Trust-based schemes have shown a conservative attitude to offering choice to members which has been "dismaying" says Spence Johnson director of retirement Nils Johnson.

Six in ten people criticised the observation from the Financial Conduct Authority (FCA) that people with more money in their pots would fall victim to pension liberation more often.