DC

As the industry moves towards the ban of commission, Michael Klimes looks at how schemes and providers are adapting

The chief executive of Now Pensions reflects on what he has learned from a tough year

Lay people will struggle to use Pension wise without having additional support according to Aon Hewitt client relationship manager David Pharo.

A third of people who have already purchased an annuity intend to keep it despite government promises they can sell their right to the income for cash, according to a poll of 1,800 retirees.

Employers are already fielding enquiries from staff about transferring their defined benefit (DB) pension to a defined contribution (DC) savings scheme.

John Lewis partnership has appointed Legal and General (L&G) as administrator of the defined contribution (DC) section of its pension scheme.

Steve Rumbles has been appointed as independent trustee for the SEI master trust.

Labour has said it will reform the pensions market to protect consumers from retirement ‘rip-offs' and make sure pension providers put savers first.

The Financial Services Compensation Scheme (FSCS) will soon protect the total value of people's annuities, it has confirmed.

Almost half of older savers intend to use drawdown products for their retirement income, according to research.