Defined Contribution

Aegon’s independent governance committee (IGC) has unveiled its latest annual report – highlighting general good value for money but some concerns over investment and communications.

Scottish Widows’ independent governance committee (IGC) has published its annual chairman’s report – giving the provider a good value for money rating for its modern products but suggesting improvements, particularly for the firm’s legacy offerings.

Standard Life and Zurich have published their latest independent governance committee (IGC) reports – posting overall green and amber value-for-money assessments respectively.

Legal & General has been providing strong value for money to the members of its workplace pension business, according to its Independent Governance Committee (IGC).

B&CE, the provider of The People’s Pension, has furloughed just under a quarter of its members of staff in response to pressures from the Covid-19 crisis.

Retirees looking to access additional income from their defined benefit (DB) scheme during the Covid-19 crisis will be victims of a “capacity crunch” as suitable financial advisers flee the market, according to Barnett Waddingham.

Smarterly, a FinTech business focussed on workplace savings, has acquired Salvus Master Trust for an undisclosed sum.

In these unprecedented times, it is more important than ever that DC schemes have the right processes in place for governance, communications, and administration. Rona Train looks at what you need to be checking for.

The disruption caused by the Covid-19 pandemic has also had a major impact on defined contribution schemes. In this article, XPS Pensions Group recommends trustees take four urgent steps to protect schemes and members.

Furloughed workers will continue to receive pension contributions under the government’s coronavirus job retention scheme, HM Revenue & Customs (HMRC) has confirmed.