Defined Contribution

Great-West Retirement Services (Europe) has withdrawn from the competitive dialogue process for personal account scheme administration services.

BP has appointed Aegon to provide it with a UK defined contribution plan.

EUROPE/CENTRAL ASIA - Pension funds in Europe and Central Asia should provide pension increases in line with cost of living indexes instead of wages to make the systems more sustainable, the World Bank said.

The registration process for the UK Pensions Awards 2010 has now closed.

Defined contribution schemes could see total assets in excess of £1trn by 2019, a report from Spence Johnson reveals.

The Association of British Insurers is set to tackle the issue of at-retirement apathy with the launch of updated "wake up" packs for savers approaching retirement.

Dublin-based IFG has agreed to buy Santander's SIPP and wrap arm, James Hay, in a £35m deal.

The Chancellor said the phased roll-out of personal accounts was a "necessary choice" to save money.

Everyone earning over £20,000 a year faces a tax rise from 2011.

As many as 150,000 additional people will be caught out by the extension of higher-rate tax relief restrictions.