Defined Contribution

Up to 90,000 employers would be forced to review their defined contribution (DC) schemes if a charge cap was introduced, according to a government impact assessment.

The Department for Work and Pensions (DWP) has launched a consultation into the statutory definition of money purchase benefits.

The Department for Work and Pensions is considering a ban on active member discounts and the extension of consultancy charge and commission bans to all DC schemes.

The government announcement that it will cap pension fees for auto-enrolment schemes may miss the much bigger point: that annual management changes could be the wrong model altogether.

The government has set out a range of proposals to limit charges in schemes used for auto-enrolment (AE) to either 0.75% or 1%.

More than three quarters of Buzz respondents fear that auto-enrolling people into schemes with an 8% contribution rate will give them a false sense of security.

The majority of contributors backed annuities to retain their relevance in two decades time.

Rachel Dalton says Steve Webb is moving towards firm action on charges

The National Association of Pension Funds (NAPF) says it will continue pushing for a central aggregator model for automatic transfers despite imminent legislation on pot follows member (PFM).

The National Association of Pension Funds is investigating steps it can take to help DC members get a better deal at retirement - hinting at the launch of a broker service.