Defined Contribution

More than half of UK savers agree they are unable to save sufficiently to achieve the retirement they want, according to research by BlackRock.

Pension savers have held off from making changes to their pensions despite nearly half having been impacted by the pandemic, research finds.

Providers are failing to engage early with their independent governance committees (IGCs) over the rollout of investment pathways despite the looming 1 February deadline, they have been warned.

Understanding investments increases people’s engagement with their savings, says Newton’s Catherine Gill

The £2.3bn withdrawn flexibly from pensions in Q3 represents a 2% year-on-year decrease from monies withdrawn during the same months in 2019, HM Revenue and Customs (HMRC) figures show.

The Department for Work and Pensions’ (DWP) consultation on improving defined contribution (DC) outcomes has garnered support from the industry, but many have warned of potential unintended consequences.

As DC schemes face increasing pressures to consolidate, David Snowdon says master trusts are the perfect home.

The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.

The pensions industry must personalise interventions and auto-enrolment (AE) conversations to prevent members from squandering their pots at retirement age, according to industry experts.

Legal & General Investment Management (LGIM) has incorporated ESG considerations as well as its climate impact pledge into the default funds for the 3.3 million members in its master trust and contract-based schemes.