Defined Contribution

CANADA - Canadian finance minister James Flaherty called for local finance ministers to support his plans to give tax incentives and modify pension standards to boost the defined contribution market, and to bring changes to the Canada Pension Plan.

BRAZIL - Lane Clark & Peacock has expanded its international network by partnering with Brazilian consultancy Rodarte Nogueira.

Defined contribution members risk dramatic fluctuations in retirement income unless they adopt default strategies that reduce the impact of market shocks, a global body warns.

GLOBAL - Defined contribution members risk dramatic fluctuations in retirement income unless they adopt default strategies that reduce the impact of market shocks, the global body warned.

DC schemes are clearing not working in their current guise and employers will move towards different types of tax wrappers, Standard Life says.

UK - The UK government should issue longevity bonds to help pension schemes and insurance companies address longevity risk, the Cass Business School said.

The potential clean up costs of the BP oil spill disaster could threaten its ability to pay dividends leaving pension scheme investors facing continued uncertainty, Schroders says.

Annuity industry views are polarized over important issues such as scrapping the age 75 requirement and the impact of Solvency II, Xafinity research reveals.

There are now less than 30 months to the advent of automatic enrolment.

The coalition government will take a "long hard look" at auto-enrolment and the delivery of NEST before deciding on its future, Steve Webb says.