Defined Contribution

How the cost of the government’s promise of at-retirement advice could be met

The industry wants auto-enrolment minimum contributions to rise and sees auto-escalation as a good way of achieving this

The pension industry is keen to see auto-escalation arrangements put in place to help workers save more, PP research finds.

The industry believes the the minimum auto-enrolment contribution for workers should be set above 6%, according to research carried out by PP.

The pensions industry wants to see a rapid escalation of the minimum employer contribution rate for auto-enrolment, PP research finds.

Pension Quality Mark (PQM) has reinforced the requirements for default investment strategies in a revised standards document published today.

The Financial Services Consumer Panel (FSCP) has urged schemes to develop in-house income drawdown propositions rather than forcing members into the retail market.

Schemes can expect to get clarity as to what the guidance guarantee entails by the end of the year according to pensions minister Steve Webb.

Standard Life has said its sales of annuities have fallen by half following changes to the rules around retirement announced in last month's Budget.

The cost of providing the guidance guarantee will fall on schemes according to pensions minister Steve Webb.