Defined Contribution

The UK should look at the Chilean retirement system's multi-fund structure as it develops the default fund set-up for NEST, Organisation for Economic Co-Operation and Development principal economist Pablo Antolin-Nicolas has said.

Nearly four-fifths of scheme managers have welcomed the government's decision to investigate alternative methods of implementing tax-relief restrictions on pension contributions - including reducing the annual allowance to as little as £30,000

Following recent government announcements on annuity reform the issue of minimum income requirements has caused concern, as Sebastian Cheek reports

Treasury plans to curb the annual allowance to about £40,000 rather than slash tax relief for high earners have been backed by the industry.

Scottish Life, the pensions division of Royal London, has seen new business increase by 62% to £1.1bn in the six months ending June 30.

The independent panel of experts tasked with assessing the viability of auto-enrolment and NEST has finished a run of seminars with stakeholders.

The shape of changes to the pension taxation system should be confirmed by the end of September, a Treasury consultation paper says.

UK - The Pensions Regulator suspended more than 100 defined contribution scheme trustees in the past year, its annual report and accounts revealed.

Women aged over 50 must re-engage with their pension planning as just 38% are saving adequately for retirement, Scottish Widows warns.

FTSE100 bosses on average receive pension contributions of £267,000 per year - three times the level of FTSE250 executive directors, a survey shows.