Defined Contribution

AllianceBernstein has hired Tim Banks to expand its defined contribution capabilities in the UK.

The Organisation for Economic Co-Operation and Development has encouraged the International Accounting Standards Board to review the definition of DB and DC plans as they relate to international accounting standards.

US - The Financial Accounting Standards Board (FASB) has updated guidance over increasing transparency in the financial reporting of companies with multiemployer pensions.

Nervous advisers are recommending clients stick with their existing pension arrangements, even where there is good reason to transfer, because of the FSA's "heavy-handed" crackdown on pension switching.

Employers are looking to strengthen and improve their defined contribution schemes as the demise of defined benefit accelerates, providers say.

Pension tax relief restrictions will unfairly penalise people who are promoted, made redundant or take early ill-health retirement, the National Association of Pension Funds warns.

Almost 17 million people, just under half the working population of the UK, have never reviewed their pension plans, research from Baring Asset Management reveals.

In the second report from our recent DC World Steering Group meeting the participants discuss the communications challenges the industry faces

There is every indication that the State Pension Age, currently planned to reach 68 by 2046, will now rise further and faster.

Panellists discuss the proposed amendments to default retirement age and state pension age, and look at how DC schemes will deal with these changes