Defined Contribution

Increasing pension contributions should be the day one priority of the pensions minister post-election according to Steve Webb.

A Labour government would not look to repeal 'freedom and choice' pension policies but would implement safeguards to prevent misselling.

Top stories this week include trustees banned over an £11m scam, criticism of compliance-focused actuaries and plans to let people cash in annuities. Here's what you might have missed.

Lord Hutton says the UK needs a retirement savings target of 15%. How do we get there?

Controversial proposals to allow existing pensioners to sell their annuities for cash - and insurers to compete for the contracts - are to be discussed by ministers this week ahead of the 18 March Budget, according to reports.

Up to £5.5bn is being sat on by retirees who have deferred taking their pensions ahead of the changes coming in this April, according to Origo.

The retirement freedoms could place increasing demands on employers. Owain Thomas discovers how one organisation is taking a very hands-on approach.

People retiring after April do not understand the tax implications of ‘freedom and choice' with one in ten believing they can access their whole pot tax-free, research finds.

UK workers need to save at least 15% of income if they are to achieve a comfortable retirement according to Lord Hutton.

Providers have said a charge cap on income drawdown, as proposed by Labour leader Ed Miliband, is "unnecessary" and a "solution to a problem that does not even exist".