Defined Contribution

Only one in seven people retiring in the next 12 months have done extensive research about their options according to Fidelity Worldwide Investment.

PP looks at the main pensions measures announced in the Budget

Low paid workers in occupational schemes will lose an incentive to contribute to a pension after the personal allowance is increased next month.

SALVUS Master Trust has added 16 additional funds to its investment range.

A consultation to amend the regulations on the treatment of additional voluntary contribution (AVCs) schemes for the purpose of the 0.75% charge cap has been launched.

DB members get far more pension for their tax than DC members

The FCA banned the sale of traded life policy investments to mass market retail investors - claiming they are ‘toxic' products that pose significant risks to investors. A market in second hand annuities will pose similar risks.

The pensions industry supports a default option when members hit retirement according to a consultation by the National Employment Savings Trust (NEST).

The industry is sceptical about providing a default retirement option, with two thirds believing members' pots should stay invested until they make a decision, according to PP research.

Pensioners who cash in annuities after two or three years could lose half their pot in fees