Defined Contribution

The National Association of Pension Funds has restructured its two main policy-making councils to increase its focus on defined contribution.

Prudential is working with both the National Employment Savings Trust and NOW Pensions for two-tier solutions, at the expense of competitor B&CE.

Fast food giant McDonalds will use the National Employment Savings Trust for 35,000 hourly-paid workers as part of a two-tier auto-enrolment solution.

Employers will have more flexibility to leave the National Employment Savings Trust, under Department for Work and Pensions proposals.

Less than one-in-four workers earning under £300 a week is saving into a workplace pension, according to TUC research.

The National Association of Pension Funds has hit back at Department for Work and Pensions claims that the public want a pot follows member system.

The National Employment Savings Trust has warned small employers should not expect the same level of advice around auto-enrolment as large businesses.

Buck Consultants has appointed Peter Quinton as head of annuity placement in a bid to grow its annuity business.

Major household names like McDonalds, Travelodge, the BBC and BT will use the National Employment Savings Trust for auto-enrolment.

Dimensional has unveiled a managed defined contribution proposition that targets an agreed inflation-protected retirement income for savers.