Defined Contribution

The decline in retiree's pension pots and increasing life expectancy supports the need for an increase in the retirement age, Aon Consulting says.

GLOBAL - Pension funds and other institutional investors could plough more than $200bn into worldwide property markets over the next five years, Invesco Real Estate has predicted.

Alliance Boots employees will be given extra time to reapply for a new defined contribution pension scheme after the firm refused to allow members to "reserve rights" as part of the joining process.

The European Commission has launched a Green Paper reopening the issue of solvency standards in pension schemes.

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 says.

Saga was the only top five annuity provider not to cut rates following George Osborne's emergency Budget on June 22, Alexander Forbes Annuity Bureau says.

Friends Provident has unveiled a corporate investment platform guide for trustees and employee benefit consultants.

Surging annuity prices and the lack of market confidence in European economies will force employees to work longer in order to retire on a reasonable income, Mercer says.

When hotel and restaurant business Whitbread decided to review its choice of investment funds for its DC scheme members, a diversified investment approach within one growth fund was found to be best. Laura Blows reports

The Financial Services Authority has today confirmed the ban on commission for sales in the group personal pension market from January 1, 2013.