Investment

Current lifestyle funds could lead to defined contribution scheme members losing as much as 20% of their pension pot at retirement, PwC says.

The open market option could be reformed "within the year" if government and industry get behind the process, the Pension Income Choice Association says.

Most workers will choose not to opt out of auto-enrolment when it comes into force from 2012, an Aviva report suggests.

Pensions minister Steve Webb's intervention on incentivised transfers out of defined benefit schemes is "dangerous and disingenuous", industry figures say.

Professional Pensions assembled a panel of three industry experts to talk about how insurance-based risk reduction deals can be implemented in practice.

EUROPE/US - Saguenay Capital and Strathmore Capital have merged to create Saguenay Strathmore Capital.

Saguenay Capital and Strathmore Capital have merged to create Saguenay Strathmore Capital.

Pensions minister Steve Webb is to meet with industry figures today to try to "root bad practice out" of enhanced transfer value exercises.

Scrapping contracting-out for defined contribution schemes will drain more than £50bn from the pensions industry leading to a "significant" reduction for administrators and fund managers, government says.

AUSTRALIA - The Association of Superannuation Funds of Australia (ASFA) have released a report concluding raising the mandatory contribution rate to 12% from 9% would result in stronger retirement adequacy than would proposals to reform the country's...