Defined Contribution

Workers have been urged to start saving as soon as possible for their retirement in order to avoid unaffordable levels.

The Association of Independent Financial Advisers has issued a stark warning to the Financial Services Authority over the "unintended consequences" of applying proposals in the RDR to the corporate pensions market.

Scheme managers are split over whether the retirement age should be increased to 70.

UK - Reforms introducing auto-enrolment, employer duties and personal accounts will be staged in over a three year period from 2012, the department for work and pensions said.

Most employees expect to delay their retirement as a result of the recession, Aon Consulting research reveals.

Three-fifths of employers are set to review their pension arrangements ahead of the introduction of auto-enrolment and personal accounts from 2012, latest research from the Association of Consulting Actuaries reveals.

INDIA - The board of the Pension Regulatory Fund Development Authority (PFRDA) yesterday approved a proposal to manage companies' pension pots, said executive director Rani Nair.

Widespread apathy towards private pension plans remains one of the biggest challenges facing the industry, research by Baring Asset Management reveals.

Investors are bringing retirement plans forward and buying annuities now to take advantage of the recent rally in equity markets, Hargreaves Lansdown says.

UK - The government will fail to protect millions of Britons from poverty in old age unless it makes vital changes to the way in which it plans to introduce personal accounts, a Royal Society for the Encouragement of Arts, Manufactures and Commerce report...