Defined Contribution

GKN has seen the deficit in its UK schemes more than double after amending an asset-backed contribution structure (ABC) to address concerns raised by the Financial Reporting Council (FRC).

The government has proposed an amendment to the Pensions Bill which will pave the way for regulations requiring the disclosure of transaction costs to scheme members.

The government will introduce transparency requirements on transaction charges in workplace defined contribution (DC) schemes, pensions minister Steve Webb has announced.

Opinion was split on the impact of the end of short service refunds for member costs.

A group of Labour lords have tabled an amendment to the Pensions Bill that would force the government to impose a pension scheme charge cap by 30 April 2015.

The Financial Reporting Council (FRC) has published a revised version of the Statutory Money Purchase Illustration (SMPI) rules.

Helen Morrissey thinks its time for action on the retirement market

Helen Morrissey rounds up reaction to the Financial Conduct Authority’s annuity market investigation

ShareAction’s Catherine Howarth says auto-enrolment calls for tight governance standards

The independent project board (IPB) leading the Office of Fair Trading (OFT) review into legacy defined contribution (DC) schemes may struggle to tackle outdated arrangements, industry figures warn.