Defined Contribution

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.

The gap between the amount men and women are saving for retirement could grow to a ‘record high' of almost £30,000, according to Scottish Widows.

Pensions minister Steve Webb has given an impassioned defence of the government's preferred pot follows member approach to eradicating small pots.

Increased personalisation of communications is key to increasing member engagement according to Ferrier Pearce's Nigel Ferrier.

New standards of advice are needed to help scheme members navigate the increasingly complicated retirement income market.

Maximising DC

The Associated British Foods Pension Scheme will offer flexible target date funds as its default following a review in preparation for auto-enrolment.