defined contribution

A considerable gap remains between public and private sector employer and employee contribution levels according to data from the Office of National Statistics (ONS).

Radically reforming the pensions tax relief system could disincentivise saving, according to a report by the International Longevity Centre - UK (ILC-UK) and Age UK.

Tesco has appointed Legal & General as its defined contribution (DC) bundled pension provider.

Nearly a quarter of companies have still not reviewed their pension schemes' investment strategy in light of the April freedoms according to Willis Towers Watson's DC master trust, LifeSight.

The UK can pride itself on having the third largest pension system in the world, but the relative inefficiency of the UK defined contribution sector needs to be addressed, claims David Rowley who as a British journalist based in Sydney has spent the last three years reporting on Australian superannuation.

Scottish Widows has announced it will remove all exit fees across its workplace pensions.

Friends Life, now part of the Aviva group, has been appointed corporate pension provider for Rolls-Royce.

Merchant Navy Officers Pension Fund (MNOPF) will close its defined benefit (DB) scheme to future accrual and instead introduce a 30% defined contribution (DC) rate for members.

A flat-rate of tax relief is the most likely reform to appear in the Chancellor's March Budget according to Aon Hewitt‘s predictions.

The Financial Conduct Authority (FCA) has launched a discussion paper to learn how financial services firm can better engage with an increasingly ageing population.