Defined Contribution

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.

Zurich is the latest provider to announce plans to enter the master trust market for auto-enrolment.

The Prudential has been ordered to pay a member of its own scheme compensation after it processed his open market option annuity purchase at the wrong time, reducing his total purchase sum by £2,455.

Guarantees for defined contribution funds could be an "attractive and affordable" option according to research from the Institute and Faculty of Actuaries.

British Telecom will use a combination of its existing Standard Life defined contribution scheme and the National Employment Savings Trust for auto-enrolment.

Employers considering moving fully to defined contribution should consider the benefits of defined ambition according to Eversheds pensions partner François Barker.