In February this year Babcock Iinternational announced it had selected Friends Provident to administer a single defined contribution scheme for those who did not have access to a defined benefit arrangement. Helen Morrissey talks to group pensions manager Andrew Birkett about the process of streamlining its DC provision
Helen Morrissey: So why did you decide to implement a trust-based defined contribution scheme at Babcock? Andrew Birkett: We’ve grown through acquisition and over the years we have inherited various...
Savers accessing defined contribution (DC) pension pots for the first time rose to an all-time high just before the coronavirus pandemic, Just Group says.
The premise of auto-enrolment (AE) as a tool to boost both short- and long-term financial resilience will face its first true test as the effects of Covid-19 continue to play out, says Nest.
Salvus Master Trust is set to replace the Ascot Lloyd Pension Scheme, which exited the market last year after ten years as master trusts faced tough hurdles to become authorised.
The government must take radical and immediate action to stop small pension pots undermining the success of auto-enrolment (AE), Now Pensions says.
Defined contribution (DC) pensions are showing positive signs of market recovery after dramatic falls in the number of expected retirements this year due to the ongoing coronavirus pandemic.