Defined Contribution

Employers are reluctant to communicate the Budget changes to employees ahead of April due to concerns an incoming government will tinker with pensions legislation.

The last few years have been characterised by massive expansion in the master trust market.

For all the talk about pensions freedoms being the golden goose for the average man or woman, a closer look reveals it will not be easy for many people to get their money in April.

The Association of Member Nominated Trustees (AMNT) is holding its fourth annual general meeting (AGM) and conference on 25 February.

Sponsors of defined benefit (DB) schemes could face a £100bn bill as members look to transfer to defined contribution (DC) arrangements to take advantage of incoming ‘freedom and choice' rules.

Independent Governance Committees (IGCs) will have only limited powers to improve value for money in contract-based schemes due to legal constraints, it has been warned.

The industry responds to regulations intended to drive up DC standards

Helen Morrissey says master trust due diligence difficulties must not be ignored

Top stories on PP this week included concerns about master trusts, debate over drawdown, and the defined contribution charge cap. Here's what you might have missed.

Pensions minister Steve Webb has eased concerns the government could introduce regulations on decumulation products ahead of the general election.