Defined Contribution

High and opaque charges are harming savers with defined contribution pension schemes, according to the Financial Services Consumer Panel.

Attaching guarantees to DC pensions could have a detrimental effect on investment returns according to a World Bank pension expert.

Defined contribution schemes are conflating the needs of young and old members and must create separate instruments for each group's needs, delegates heard.

Aviva suffered a loss of £3bn in 2012 due to a £3.3bn writedown from the sale of its US business last year.

The Department for Work and Pensions must monitor the overall rate of participation in auto-enrolment rather than focusing on opt-out rates, providers have warned.

Defined contribution default strategies within FTSE100 and FTSE250 firms have not diversified away from pure equity exposure, Schroders research says.

Insurance giant Legal & General has reported increased operating profit of £1,087m following double digit sales growth.

The Organisation for Economic Co-operation and Development has said auto-enrolment is making good progress but pensions minster Steve Webb wants to ‘manage expectations' before early opt-out rates are published.

Pensions minister Steve Webb has reiterated his interest in providing guaranteed returns in defined contribution schemes to create of risk-sharing ‘defined ambition' vehicles, describing it as a "stunning sales pitch".

John Taylor, former intermediaries marketing director at Scottish Widows, joined the National Employment Savings Trust today.