Fifteen UK teaching associations have set up the Teachers' National Stakeholder Pension Scheme under the Trade Union Congress's (TUC) existing stakeholder plan.
The scheme is open to teachers earning less than £30,000 per year.
Information about the new scheme is currently being mailed to 35,000 schools and colleges in England and Wales starting this week.
The plan runs alongside the final salary teachers’ pension scheme and current additional voluntary contribution (AVC) arrangements, and will be administered by Prudential.
By Janet Du Chenne
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.
The Lighthouse Pensions Trust has recorded an 84% surge in the number of employers signed up to its auto-enrolment (AE) provision.
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.