Defined Contribution

A boom in the pensioner population to 15 million will create a huge underclass unless changes are made to retirement options, an industry body says.

Scheme members should not play "retirement age bingo" with their pension savings, AWD Chase de Vere Consulting urges.

The Chartered Institute of Personnel and Development is to close its defined benefit pension scheme to new members from January.

GLOBAL - Private pension funds have not been using benchmarks that measure them against their long-term goal of providing income replacement, a preliminary report by the Organisation for Economic Co-Operation and Development (OECD) found.

The Labour party will not scrap the tax relief on pensions for people who earn less than £150,000 a year, secretary of state for work and pensions Yvette Cooper says.

Each month DC World asks readers for their views. This month we ask: What effect has the recent equity market rally had on DC funds? Do members have reason to be cheerful?

DENMARK/UK - Danish pension fund and administration provider ATP has pulled out of the running for the personal accounts administration contract in the UK, PADA has confirmed.

Danish pension fund and administration provider ATP has pulled out of the running for the personal accounts administration contract, PADA has confirmed.

The government must review the law to make it easier for employers to talk about pensions, National Association of Pension Funds says.

With defined contribution (DC) rapidly becoming the dominant pensions model across the globe, Richard Lowe assesses whether it really is more desirable than defined benefit (DB)