Defined Contribution

Martin Palmer of Friends Life looks at the changing pensions landscape and what part workplace SIPPs will play in the future

Sebastian Cheek examines the reasons behind the explosion of interest in DC property funds

The Department for Work and Pensions has issued non-regulatory guidance on offering a default fund for auto-enrolment defined contribution schemes.

Current lifestyle funds could lead to defined contribution scheme members losing as much as 20% of their pension pot at retirement, PwC says.

The open market option could be reformed "within the year" if government and industry get behind the process, the Pension Income Choice Association says.

Most workers will choose not to opt out of auto-enrolment when it comes into force from 2012, an Aviva report suggests.

Pensions minister Steve Webb's intervention on incentivised transfers out of defined benefit schemes is "dangerous and disingenuous", industry figures say.

AMNTco-chairman Barry Parr shares his views

AUSTRALIA - Simple, low-cost financial advice should be incorporated into the MySuper default fund structure offered by superannuation funds to increase members' engagement with their pensions, according to Mercer.

Fidelity has launched the CB Richard Ellis UK Property Fund on its defined contribution platform.