Defined Contribution

Pension savers in defined contribution (DC) schemes could see their pots increase by a third if the government moved to introduce collective DC schemes, according to a report.

Where one life ends, another begins. Equities rise and fall. Successes come and go. Listening to the Going Global plenary at the National's Association of Pension Funds' (NAPF) annual conference struck a chord with me.

JP Morgan’s Simon Chinnery argues a charge cap will damage savers

The majority of respondents back calls for the auto-enrolment (AE) opt-out to be removed. Six out of ten contributors said this could be necessary, while just a quarter rejected the idea.

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.