The defined contribution market is "dysfunctional" and marked by "disingenuous" fund charges which halve the retirement income of members in low-cost schemes, the Pensions Institute says.
Research by the Institute, sponsored by low-cost master trust NOW Pensions, said some employees in individual company DC schemes are paying six times the annual charge available from multi-employer schemes....
Many single-employer trust-based DC schemes will move to a master trust in coming years. Stephen Richards looks at the pitfalls they need to avoid
Robin Ellison says it is not unreasonable for schemes and their trustees and sponsors also to expect an improvement in the tone of regulation
The Pensions Regulator (TPR) has ordered a firm to pay back more than £700,000 of pension contributions after it miscalculated the amounts due for more than a year.
Insurers are set to face a "flood of requests" from pension schemes for buy-in contracts to be restructured to allow for guaranteed minimum pension (GMP) equalisation, Aon warns.