Defined Contribution

Pension schemes are being left in limbo after major Budget changes come into effect yesterday - but without the necessary supporting regulations.

Two thirds of respondents said it was likely or very likely that significant numbers of defined contribution savers would cut contributions if tax relief was curbed.

The key measures announced today

A 0.75% charge cap will apply to all defined contribution (DC) schemes used for auto-enrolment (AE) from April 2015, pensions minister Steve Webb has confirmed.

Retirees should have access to "specialist basic advice", not unregulated guidance, independent consultant Ros Altmann says.

Legal & General (L&G), one of the country's largest annuity providers, has said it expects to see revenues from annuity products fall by three quarters by the end of 2015 following a sweeping reform of the sector.

Punter Southall’s Catherine Love Soper says other countries are abandoning collective defined contribution

Naomi Rainey looks at the master trust’s approach to defined contribution investment

Partnership and LV= have responded to the shock changes to the annuity market announced in the Budget by increasing the cooling-off period on their products.

The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) have clarified their responsibilities in overseeing the pensions market following this week's reform announcements.