Defined Contribution

The Treasury is laying its proposed legislation to give savers more freedom over how they take a tax-free lump sum from their pension pot before parliament today.

The expected explosion in transfer requests from defined benefit (DB) to defined contribution (DC) schemes has not materialised according to a number of consultancies in the industry.

BlueSky Pension Scheme is appointing a professional independent chair from the pensions market to help its trustee board have the necessary expertise to look after income drawdown.

FTSE Group has launched a set of performance benchmarks for default strategy glide paths in defined contribution (DC) schemes.

The government is the biggest rival annuity providers face in delivering retirement income products to consumers, according to Barnett Waddingham.

The pensions industry should not "bank on education" to ensure people save sufficiently for their retirement, The Pensions Advisory Service (TPAS) warns.

Concerns are growing that defined contribution (DC) members who opt for income drawdown at retirement might not understand the risks they are exposed to.

The National Employment Savings Trust (NEST) will review its investment strategy over concerns outcomes for members in its default fund could be affected by 2014 Budget.

JLT’s Mark Wood says annuities will make a comeback and equity release will surge, but retirees will not be better off

The Next Pension Scheme targets member engagement at the mature end of the retirement savings process, its independent chairman says.