Defined Contribution

UK - Abolishing contracting out for final salary schemes could eventually lead to a higher universal state pension, an analyst says.

Defined contribution scheme members are overly optimistic about reaching their retirement targets, Towers Watson research shows.

News that the Norwegian Government Pension Fund Global lost €1.1bn on its 1.75% stake in BP has highlighted the potential impact faced by UK schemes, FairPensions says.

The Department for Work and Pensions' plans to abolish transfers between contracted-out defined benefit and defined contribution schemes could lead to a "firesale" of final salary liabilities, a consultant warns.

UK - The Department for Work and Pensions' plans to abolish transfers between contracted-out defined benefit and defined contribution schemes could lead to a "firesale" of final salary liabilities, a consultant warns.

The Investment Governance Group plans to have its principles on defined contribution governance agreed by October, its DC subgroup chairman says.

Standard Life has seen net corporate business inflows increase by 64% in the first half of the year.

GLOBAL - Companies in more countries are starting to adopt the two-tier model of defined contribution funding typically found in the US, said Craig Burnett, Mercer's European head of DC.

The UK and US defined contribution markets are swapping attitudes towards annuitisation, industry figures say

UK/US - The UK and US defined contribution markets are swapping attitudes towards annuitisation, industry figures say.