Defined Contribution

Pension schemes are still eyeing opportunistic investments despite the severity of the current crisis, asset managers say.

UK - Defined contribution pension funds have returned to the value they were before the recession started in September last year, Aon Consulting figures showed.

Defined contribution pension funds have returned to the value they were before the recession started in September last year, Aon Consulting figures show.

The Personal Accounts Delivery Authority is set to launch a myth busting programme to explain how the national pension saving scheme will work from 2012.

UK - Personal accounts will complement and not replace existing provision, chief executive of the Personal Accounts Delivery Authority Tim Jones said.

Some 71% of defined contribution savers who received a "wake-up pack" from providers six months before retirement better understood their options, Association of British Insurers research shows.

Personal accounts will complement and not replace existing provision, Tim Jones says.

In a new monthly column , PERSONAL ACCOUNTS DELIVERY AUTHORITY chief executive TIM JONES looks at the latest issues surrounding the scheme and updates the industry on the progress made so far

UK - Sales of enhanced annuities rose to £448m (US$739.5m) in the second quarter of this year, bringing the total sales in the first half of 2009 to £891m, Watson Wyatt research revealed.

Advisers and members must beware of "hidden kickbacks" and "double charging" in some self-invested and self-administered schemes, Talbot & Muir warns