An agreed definition of value for money would make it easier for members to compare pensions, but it could be difficult as schemes are so different, writes Kim Kaveh.
Willis Towers Watson has published a report looking at DC trends over the past year. Kim Kaveh looks at the findings.
In this week's Pensions Buzz, we want to know whether you think a contract-based, trust-based or a master trust arrangement would be best for a new defined contribution scheme.
The Law Commission has called on the government to clarify investment rules which can make it hard for schemes to make socially responsible investments.
Most respondents in this week's Pensions Buzz say it's time to get on board with the lifetime ISA to get the best outcomes for members.
Prudential's independent governance committee (IGC) has found members are getting better value for money after reducing all initial charges and has no major concerns about transaction costs.
Over £100bn has been transferred by the Origo Options Transfers service since it started eight years ago, driven by rising demand since Freedom and Choice.
Trustees must ensure they hold third-party administrators (TPAs) to account on cyber security, says The Pensions Regulator's (TPR) chief executive Lesley Titcomb.
A consultation into capping early exit charges for occupational pensions has revealed how "torturous and more opaque" the system is compared to personal pensions.
DWP's consultation on capping exit charges in occupational schemes has closed. Despite agreement on removing barriers to the freedoms, Michael Klimes finds there will be major administration hurdles.
Pension transfers should take no more than seven days between providers according to Tom McPhail.
PP takes a look at the first IGC reports to see how the
Almost a fifth of schemes have not reviewed their default investment strategy in light of freedom and choice according to Lifesight, the master trust owned by Willis Towers Watson.
DB schemes will not vanish from FTSE 250 companies in the next 12 months according to PP research.
The Treasury will legislate to cap excessive early exit charges levied on savers using pension freedom, it has confirmed.
From hackers stealing information from Talk Talk to Anthem, Michael Klimes looks at how safe schemes are from cyber criminals
Michael Klimes examines whether attempts to grease the wheels of pension transfers will succeed
The pensions industry is overpopulated with acronyms and many in the sector would be relieved if there were fewer of them. But IGC - the independent governance committee - are three letters that cannot be ignored.
The former NEST and PPF chairman says IGCs will be very influential
Insurers do not deserve the bashing they get over high fees as many already provide good value for money in contract-based schemes, according to independent trustees.
Independent Governance Committees (IGCs) will have only limited powers to improve value for money in contract-based schemes due to legal constraints, it has been warned.
Henry Tapper outlines six worrying misconceptions about master trusts
The Financial Conduct Authority (FCA) has published the final rules on the Independent Governance Committees (IGCs) that must be set up by providers of contract-based schemes.