Defined Contribution

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.

Sesame Bankhall will launch a restricted advice service for at-retirement customers with small pension pots.

The pension pot needed to satisfy the minimum income requirement could need to be as much as £300,000 in order to stop people falling back on state benefits, Towers Watson says.

UK - A consultation on proposed changes to the Universities Superannuation Scheme is expected to start in late September, following the scheme committee's decision to accept a range of reforms.