Defined Contribution

Kim Crabtree looks at the important role of active management in defined contribution schemes

Consensus on adequacy needed as 90% of DC members set for disappointment

A data-driven approach to governance that encourages employees to take ownership of their pension rather than expecting more from schemes will drive better outcomes, Howden Employee Benefits & Wellbeing says.

Retirement outcomes for muster trust scheme savers have improved in the last year with the value of investments in default funds “shooting up”, according to Hymans Robertson.

Nest has designed a model project management plan to guide customisation of the bulk transfers process for individual employers’ requirements.

The Pensions Policy Institute (PPI) has launched its seventh annual defined contribution (DC) Assets Allocation survey.

Workplace savings fintech Cushon has closed an overall funding round of £26m to finance “rapid expansion plans” and acquired the scheme funder of the Workers Pension Trust (WPT).

LifeSight Master Trust has onboarded 2,500 members and £125m in defined contribution (DC) scheme assets after taking on the pension provision for Ricardo.

Flat fees will be banned on pensions worth below £100 in a bid to end the erosion of small pots, the Department for Work and Pensions (DWP) has confirmed.

Scottish Widows has told the Department for Work and Pensions (DWP) that performance fees should not be allowed in defined contribution (DC) pension defaults.