Defined Contribution

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.

PP Scheme Excellence interviews: Jonathan Stapleton talks to Marks & Spencer’s Julie Parker-Welch about its AE master trust

Friends Life has launched its auto-enrolment offering for employers.

Trustees of defined contribution schemes must do more to help members purchase retirement income products at the end of their careers, experts warn.

Around two-thirds of employers and employees are supportive of the Department for Work and Pensions ‘pot follows member' plans, according to research from Aviva.

More than a third of employees (37%) plan to opt out of auto-enrolment, while a further 28% are considering withdrawing from the scheme, research from Aviva says.