Defined Contribution

The European Court of Justice may equalise annuity rates for men and women, but doing so could make women's pension income even worse, experts warn.

Allowing savers early access to pension cash would inject £65bn into the UK economy in the short term, the Society of Pension Consultants says.

Communicating to member groups of more than 50,000 at a time could save defined contribution schemes as much as £48 per member, delegates heard

Lord Hutton will pitch collective defined contribution schemes to the department for work and pensions but would not be drawn on whether the model could translate to the private market.

Increasing member awareness should go hand in hand with increasing scheme take up said one pension manager.

It is possible to run career average 1 / 120th schemes at a similar cost to what is on offer from NEST, delegates heard.

A general lack of investment knowledge poses risks for people saving into defined contribution schemes, BlackRock says.

Zurich UK Life has revamped its at-retirement platform in a bid to promote uptake of the Open Market Option.

IRELAND - The National Irish Bank is to transfer all members of its defined benefit (DB) scheme to its existing hybrid pension plan.

Panellists discuss how recent legislative changes will affect investment strategies, whether it will encourage members into income drawdown, and their expectations for resultant product innovation