Defined Contribution

The Ensign Retirement Plan, an industry-wide defined contribution (DC) scheme for the shipping sector, opens for business tomorrow.

Helen Morrissey says master trusts should expect more scrutiny

How technology and collaboration can help 1.8m employers stage

Barnett Waddingham's Steve Elliott says staging 500,000 more firms than planned for will throw up some challengers for the industry

Industry figures have established a group to help trustees understand their responsibilities towards the security of member assets in defined contribution (DC) schemes.

The Pensions Regulator (TPR) says 500,000 more small and micro employers than previously estimated will have to comply with auto-enrolment (AE) duties over the next three years.

Now Pensions has warned smaller employers against leaving auto-enrolment (AE) to the last minute, revealing one in eight new clients did not contact the provider until after their staging date.

The pensions industry is overpopulated with acronyms and many in the sector would be relieved if there were fewer of them. But IGC - the independent governance committee - are three letters that cannot be ignored.

Members of the work and pensions select committee are to launch an inquiry into advice and guidance available to retirees following pensions freedom to ensure people are not "ripped off" when accessing their pots.

The Pensions Regulator (TPR) has published a list of master trust providers that are open to small employers and meet the master trust assurance framework (MAF).