defined contribution

Tesco will provide staff with concessions after plans to close its final salary defined benefit (DB) pension scheme triggered a flood of complaints from employees and unions, according to reports.

Almost two thirds of companies have not changed their defined contribution (DC) default investment strategies to take account of the pension flexibilities, according to two surveys.

Buck Consultants has introduced a service to help defined contribution (DC) trustees assess whether their schemes provide value for money for members.

What China's slowdown means for UK schemes

The FTSE 100 index has plummeted 14% from its peak of almost 7,000 in February to 5,996 as fears over Chinese stocks took hold.

Many employers are failing to help workers make retirement decisions, with three in ten not knowing where employees were getting information on the April pension reforms, according to research.

Sackers has promoted Joanna Smith and Naomi Brown to associate director and Emma Martin to senior associate.

The Pensions Regulator (TPR) says 500,000 more small and micro employers than previously estimated will have to comply with auto-enrolment (AE) duties over the next three years.

The number of face-to-face and over-the-phone guidance sessions provided by the government-backed service Pension wise has reached almost 18,000 since its launch in April.

Concerns remain over the viability of smaller providers