Defined Contribution

NEST has confirmed its long-term administration contract with Tata Consultancy Services.

The Investment Governance Group has set out a framework to help defined contribution pension schemes improve investment decision making and scheme governance.

Michael Bow explains how behavioural science can improve the value of DC communications

Unions are calling for an increase in defined contribution pension provision for National Express bus drivers to compare with drivers enrolled in the firm's final salary scheme.

The Pension Income Choice Association has further expanded its management board with the appointment of Fidelity Investment Manager's UK managing director, Gary Shaughnessy.

Employers are unlikely to switch to trust-based defined contribution schemes in order to receive contributions back if an employee leaves within two years of auto-enrolling, Paul Johnson says.

State Street Corporation has been appointed as fund administrator for the National Employment Savings Trust.

Alliance Boots has consolidated its pension funds into a single scheme four years on from its merger.

The number of trust-based defined contribution schemes fell by 15% last year, according to data from The Pensions Regulator.

Active membership in private sector defined benefit schemes declined by 200,000 to 2.4 million in 2009 but remained constant in the public sector, official statistics show.