DC

With millions needing help to make retirement decisions can technology deliver the golden goose? Michael Klimes investigates

Two major trade unions have denounced Nestle's plans to close its career average defined benefit (DB) scheme as a "betrayal" of staff.

Standard Life has appointed a board to serve on its master trust with PTL managing director Richard Butcher serving as chairman.

Financial advisers (IFAs) will be wary of helping members transfer from defined benefit (DB) to defined contribution (DC) arrangements due to fears they will be accused of mis-selling, warn consultants.

Pension administrators in the UK are more than capable of delivering partial transfers from defined benefit (DB) to defined contribution (DC) says Capita Employee Benefits.

While some schemes are facilitating DB-DC transfers others are more hesitant. Michael Klimes looks at why this is happening

The National Employment Savings Trust (NEST) has revealed plans to deliver in-scheme drawdown and deferred annuities in response to the ‘freedom and choice' reforms.

Figures show the decline of final salary is accelerating

The Treasury will consider imposing a charge cap for when people access their pension freedoms in a consultation to be launched next month.

Defined contribution (DC) members using the new pension flexibilities may find their savings are hit by inheritance tax (IHT) because of a "legislative error", Linklaters has warned.