DC

A growing volume of quotation requests triggered by ‘freedom and choice' reforms will be the top challenge for administrators in 2015 according to the Pensions Administration Standards Association (PASA).

Total UK pensions coordinator Laura Perks (pictured) says Total UK is looking to overhaul its default fund as part of a complete review that is currently underway.

Wolseley head of reward, benefits and policy Neil McCawley (pictured) sees changes to the Wolseley Group Defined Contribution Plan as an "evolution rather than a revolution".

First group reward and pensions director John Chilman (pictured) says increased member engagement will be necessary in order for individuals to choose the most appropriate default option.

Policymakers' decision not to apply forthcoming governance and transparency rules to funds other than default options may lead to a regulatory gap in defined contribution (DC), Linklaters has warned.

The pensions industry is in favour of giving defined contribution (DC) members more information about where their money is invested, according to research from PP.

Collective defined contribution (CDC) schemes could help rebuild trust in financial institutions according to shadow pensions minister Gregg McClymont.

Towers Watson is the latest firm to enter the UK defined contribution (DC) master trust market, with a scheme aimed at large employers.

The Pension Policy Institute (PPI) has called on defined contribution (DC) providers to develop default retirement options after research found savers were daunted by the choices on offer from April.

The Budget freedoms that come into force in April could trigger mis-selling claims worth billions of pounds, Sackers has warned.