Defined Contribution

Fidelity has launched a range of default lifestyle funds that combine active asset allocation with passive investment instruments.

FirstGroup has changed the accrual rates of its career average scheme and will introduce a defined contribution scheme for auto-enrolment.

Members of workplace pension schemes run by Friends Life increased by 4% between 2010 and 2011, the insurer said.

Nearly three-tenths (27%) of UK adults with a private pension have stopped making contributions since the credit crisis hit in 2008, Schroders research reveals.

The National Employment Savings Trust has warned that any scheme given an obligation to act as a small pot aggregator should not pass the costs on to existing members.

Getting HR and payroll systems ready for compliance with auto-enrolment requirements is the biggest pensions challenge facing employers, Mercer research reveals.

Resolution is preparing a "self-managed" exit from Friends Life in 2014 that would see the company split between a fit for purpose life company and a closed life fund consolidator.

The average defined contribution member has lost £2,750 a year from their income in retirement over the last year, research finds.

The auto-enrolment earnings trigger and the lower and upper limits for the qualifying earnings band have been confirmed.

The National Association of Pension Funds has urged government to amalgamate small pots into a number of super trusts in a bid to solve the problem of "stranded" schemes.