Defined Contribution

NOW Pensions, the new scheme to be launched by Danish group ATP early next year, has vowed to bring "highly competitive" charges to the UK market.

Sponsors should treat pension schemes as a subsidiary of their business to tackle the mounting burden of closed defined benefit schemes, a report argues.

Lobby warns that retrospective legislation could ruin development of collective defined contribution

About one third of employees will opt out of pensions when auto-enrolment comes into force after 2012, Legal & General says.

Punter Southall has launched a tool to assess the cost implications for employers still undecided on how best to implement auto-enrolment.

An age-dependent approach to DC default funds, which takes into account a member's human capital and financial wealth, is better than traditional lifestyling, research shows.

DC members are 25% worse off than seven weeks ago because poorly designed investment strategies have failed to protect from volatility and market falls, Xafinity says.

Complications associated with the changes to the contracting-out regime should trigger scheme sponsors into reviewing their benefits they want to offer, a consultant says.

Braced for impact: Employer's 2012 coping strategies

HMRC and the Wheels Common Investment Fund have agreed and submitted questions to the European Court of Justice ahead of its ruling over whether defined benefit funds should be exempt from VAT.