The Department for Work and Pensions' (DWP) proposals for defined ambition (DA) or collective defined contribution (CDC) models must not be too prescriptive, The Pensions Regulator (TPR) chief executive Bill Galvin warns.
Last week it emerged that the DWP's summer paper on DA is likely to set out plans to introduce large-scale CDC schemes, and a spokesman confirmed the department has had "positive discussions with a number...
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Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.