Defined Contribution

The majority of respondents were not in favour of making income drawdown the default option at retirement for defined contribution (DC) members.

Buzz respondents were generally supportive of the decision to delay the introduction of a charge cap on workplace defined contribution (DC) schemes.

John Lewis is proposing to cut its defined benefit (DB) pension scheme and introduce a hybrid scheme with an extended defined contribution (DC) structure.

Trustees have been warned to ensure communications they send to members comply with the updated disclosure of information regulations from 6 April to avoid a £50,000 fine.

Trustees and employers must recognise their role in improving defined contribution (DC) outcomes, Hymans Robertson partner Lee Hollingworth warns.

Jonathan Stapleton argues for charge transparency

The number of trust-based defined contribution (DC) scheme members has increased by 14% in the last year from 2.2 million to 2.6 million, The Pensions Regulator (TPR) says.

JLT Employee Benefits (JLT EB) has named former Prudential head of corporate pensions Martyn Bogira as a director responsible for its defined contribution (DC) and contract-based offerings.

Around two thirds of employers who have auto-enrolled their staff found it "more difficult than they had anticipated", the National Employment Savings Trust (NEST) says.

Premier plans to expand into the provider market by launching a multi-employer defined benefit (DB) scheme and a defined contribution (DC) master trust in March this year.