Defined Contribution

Mercer, Aon and Blackrock must compensate a scheme member whose fund was depleted when invested incorrectly following an enhanced transfer exercise.

Conventional annuity rates have dropped 7% since June and enhanced rates have fallen 5% in the same period, according to analysis from provider MGM Advantage.

Premier has appointed Rob Cooper as senior sales consultant.

Morrisons supermarket had around 5,000 of its employees actively opt-in to its pension scheme before the official staging date on the 1st of October.

Defined contribution multi-asset managers have not seen a pick-up in business in the run-up to auto-enrolment.

Auto-enrolment into default funds could be a barrier to pension engagement, delegates at the PP show heard.

Around half of business owners have no pension savings and most say they cannot afford to save, Prudential research says.

Buck Consultants has added its voice to those calling for minimum auto-enrolment contributions to be increased significantly.

Standard Life has revealed its updated consultancy charging options, which are compatible with retail distribution review criteria and the introduction of auto-enrolment.

The introduction of auto-enrolment will effectively end ill-fated stakeholder pension requirements for UK employers, it has been confirmed.