DC

Is focused advice a viable option?

Consumer group Which? has shelved plans to launch an annuities advice service following the far-reaching changes announced at Budget 2014.

deVere Group has launched a dedicated workplace advice division which will provide whole of market advice to current and former employees of larger businesses.

Many trust-based DC pension schemes already offer more than the ‘guidance guarantee' to their members and are worried about being forced to ‘dumb down' standards, according to the National Association of Pension Funds (NAPF).

Two thirds of respondents said it was likely or very likely that significant numbers of defined contribution savers would cut contributions if tax relief was curbed.

The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) have clarified their responsibilities in overseeing the pensions market following this week's reform announcements.

Trustees must recognise that schemes are consumer products competing for a share of household income, says Ferrier Pearce's Nigel Ferrier.

Rachel Dalton looks at the government’s latest report on DC scheme demographics

This week, Buzz respondents said trustees must get better at understanding fees.

Labour has vowed to push through a pension charge cap and make using an annuity broker mandatory should it win the next general election.