Complications associated with the changes to the contracting-out regime should trigger scheme sponsors into reviewing their benefits they want to offer, a consultant says.
Braced for impact: Employer's 2012 coping strategies
Higher annuity rates and volatile market conditions have dented retirement prospects for UK workers over the last few months, suggests research from Aon Hewitt.
Phoenix group has closed its defined benefit pension schemes to future accrual to limit future costs and volatility relating to the funds' deficit.
The corporate defined contribution market in Europe is set to grow by 11.5% per year to 2014, research by Cerulli predicts.
About one quarter of adults approaching retirement in the UK is without an occupational pension, leaving them to face the prospect of working indefinitely, Baring Asset Management says.
Many defined contribution pension pots are this week worth no more than the cash contributions paid into them over the last five years, PwC analysis finds.
Emma Watkins of MetLife Assurance Limited explains what auto-enrolment means for employers, and how they need to prepare to ensure they and their staff are ready.
Lord McFall has called for an industry code of practice to establish a normal 0.5% for defined contribution management fees.