DC

Royal London has posted a significant increase in new business thanks to employers switching their auto-enrolment (AE) schemes from other providers.

The Pensions Regulator (TPR) has issued PTL with the maximum fine after it failed to prepare annual governance statements for three schemes.

The majority of savers want flexibility in their defined contribution (DC) pensions, according to a survey by The Pensions Trust.

Sponsor contribution levels for the FTSE 100 defined benefit (DB) schemes are the highest since 2009 according to an LCP survey.

Nestlé has agreed a deal with trade unions to secure its £3.8bn career average defined benefit (DB) scheme after the company had tried to close it down.

Experts have welcomed figures from the Association of British Insurers (ABI) showing people are making informed decisions about their retirement incomes.

Total payouts in the first year of pension freedom reached £8.2bn, according to data from the Association of British Insurers (ABI).

This week's biggest stories included Lloyds' trade union taking legal action over GMP equalisation, a same sex partner benefits appeal case, and asset managers arguing hidden fees are the 'Loch Ness Monster of investments'.

Sarah Steel has been appointed senior new business consultant at Hymans Robertson, after leaving Aon Hewitt.

Amec Foster Wheeler has merged its two main defined benefit (DB) schemes into a defined contribution (DC) arrangement after closing the biggest fund to future accrual.