Defined Contribution

Rachel Dalton examines Steve Webb’s plan to make annuities more consumer-friendly

Rachel Dalton on Steve Webb's flexible annuity idea

Natasha Browne asks HR manager Pernille Haglid about Ikea’s pension bonus scheme

Members of trust-based defined contribution (DC) schemes expect trustees or employers to tell them when they should increase contributions, according to research from Barclays Corporate & Employer Solutions.

Goddard Perry's Spinnaker master trust has taken on the defined contribution (DC) sections of five schemes that have transferred to the Pension Protection Fund (PPF).

Labour pensions spokesman Gregg McClymont has denounced pensions minister Steve Webb's suggestion of switchable annuities as a "non-starter".

Stephen Nichols explains how to spot, recruit and retain a good trustee

Pensioners should be able to switch their annuity contract in a similar way to switching mortgages, Steve Webb has said.

The majority of employers are in favour of using auto-escalation schemes to increase contribution rates in defined contribution (DC) schemes, according to research from the Association of Consulting Actuaries (ACA).

Furniture superstore Ikea has announced a plan to pay bonus pension contributions totalling at €100m (£83.6m) per year into its defined contribution (DC) scheme provided the company reaches certain sales targets.