DC

JLT's Mark Wood says the concept of a pension has all but disappeared since the Budget

Annuities have been brought into line with drawdown, but inconsistencies remain

Yesterday's statement was nothing compared to the shock announcement in the Budget, but there was still plenty for the pension industry to chew on. Here are the main talking points.

BESTrustees has appointed Mercer's Rachel Brougham as a trustee executive to meet increasing demand from master trusts and insurers setting up independent governance committees (IGCs).

Ikea has topped up long-serving employees' pension pots by more than £1,000 each as part of a €200m (£157m) bonus scheme.

The Treasury will net an additional £1.15bn in taxes as a result of defined benefit (DB) members transferring to take advantage of incoming defined contribution (DC) freedoms.

The National Association of Pension Funds (NAPF) has published its 40th annual member survey, charting four decades of change in workplace schemes.

PP looks at what could be announced tomorrow

Nearly one in six MPs (15%) expect the state pension to disappear within a generation, according to research from Now Pensions.

Burges Salmon has made four appointments to its pensions team as Crispin Freeman, Charlotte Osmond, Amy Davies and Stacey Yon join the practice.