DC

Friends Life, now part of the Aviva group, has been appointed corporate pension provider for Rolls-Royce.

The Pensions Regulator (TPR) has reminded trustees they will be fined if they fail to prepare the new annual governance statements within the statutory deadline.

The average pot size of members contacting The Pensions Advisory Service (TPAS) for guidance since freedom and choice came into force is between £45,000 and £48,000.

Merchant Navy Officers Pension Fund (MNOPF) will close its defined benefit (DB) scheme to future accrual and instead introduce a 30% defined contribution (DC) rate for members.

Member nominated trustees have their work cut out for them over the next five years.

The reduction of tax relief for high earners is a near certainty in the March Budget according to Hargreaves Lansdown.

The pace of change in pension reform has been too fast and risky according to PP research

Thomas Nehring talks about how many DGF strategies failed to deliver during recent market volatility.

Members have a worrying lack of knowledge and understanding of pensions with 42% not knowing what scheme they are in, according to a study by Ipsos MORI.

Trustees must be confident the new chair governance statements are accurate to avoid future liability, writes PP.