Defined Contribution

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.

Fidelity Investment Managers is set to launch a fresh defined contribution lifestyle default strategy combining diversification with a tactical asset allocation overlay.

Sebastian Cheek investigates the idea that economies of scale can improve communications to DC members

Network Rail has appointed P-Solve to implement investment solutions for both its CARE and defined contribution pension schemes.