Savers ignore GARs to cash out small pots
Just one in three people accessing their pension pots last summer used them to provide some kind of retirement income, according to figures from the Financial Conduct Authority.
Almost 180,000 retirement pots were accessed using pension freedom between July and September last year, according to the FCA. The regulator said 178,990 pensions have been accessed by consumers to...
More on Defined Contribution
Spring Budget 2021: Government to consult again on DC investments and charge cap barriers
The government will press ahead with plans to use the “largely untapped pool of capital” in defined contribution (DC) schemes to invest in venture capital and growth equity assets.
Industry Voice: Three lessons learned in 2020
Newton’s Catherine Doyle considers key lessons for DC investors from the pandemic
Time to 'go back to the drawing board' as three-quarters want decumulation guidance
Three-quarters of pension scheme members want guidance before drawing down on their pension pot, according to a survey from The People’s Pension.
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.
