MPs launch pensions freedom advice and guidance inquiry
Members of the work and pensions select committee are to launch an inquiry into advice and guidance available to retirees following pensions freedom to ensure people are not "ripped off" when accessing their pots.
The reforms, which came into effect in April, give defined contribution savers unfettered access to their pension pots from the age of 55. It removed the effective need to buy an annuity and opened income...
More on Defined Contribution
LCP calls for 'fundamental rethink' on DC chair's statements
Defined contribution (DC) chair’s statements need a major re-think as part of the Department for Work and Pensions’ five-yearly statutory review on the rules around scheme governance in 2021, LCP says.
Consolidating DC schemes urged to act before 'capacity crunch'
Trustees must undertake a five-step process urgently if they are seeking to move their single-employer defined contribution (DC) scheme into a master trust, says Premier.
Cushon eyes more master trusts after Salvus acquisition
Workplace savings fintech Cushon has expanded its acquisition target to include pension-focused businesses as well as master trusts.
AE remains resilient despite pandemic and pension contribution increases
Auto-enrolment (AE) remained resilient during the Covid-19 pandemic and in the wake of minimum contribution increases, according to a report by Nest Insight.
Quarter of schemes switch to DC master trusts; a further half planning similar move
Transfers to defined contribution (DC) master trusts will continue well into 2021, latest research from Sackers reveals.
