DC

Research from The Pensions Institute predicts the demise of many life companies, while assets under management (AUM) are expected to double to £550bn

Top stories online this week include the Autumn Statement, an updated code of conduct for defined contribution schemes, and a first bulk annuity deal for Scottish Widows.

Trustees hold more power cards than before

The Pensions Regulator (TPR) has published a new draft defined contribution (DC) code for consultation in a bid to raise standards of governance and administration.

Achieving better member outcomes is the top priority for defined contribution (DC) schemes according to Aon's DC Survey.

The UK Power Networks Pension Scheme has appointed SEI to act as fiduciary manager for its defined benefit (DB) section and investment adviser on its defined contribution arrangements.

The Pension Quality Mark (PQM) has made Nigel Stanley and Georgina Stewart non-executive directors to the PQM board.

Louise Farrand has been hired to replace Nils Johnson as executive director at the Defined Contribution Investment Forum (DCIF)

The Pensions and Lifetime Savings Association (PLSA) has made Tim Gosling policy lead for defined contribution (DC) and Luke Hildyard policy lead for stewardship and corporate governance.

The industry believes The Pensions Regulator (TPR) must give trustees more guidance on reporting on value for money, PP research finds.