defined contribution

George Osborne pulled a rabbit out of the Budget hat last month with a number of surprise pension announcements. Hannah Uttley discusses these and other major benefit announcements.

Most people think savers will find it difficult to resist the urge to spend money earmarked for living costs in retirement when they are allowed to take pension pots as cash, research finds.

Pension liberation fraudsters are targeting savers following the overhaul of defined contribution (DC) announced in this year's Budget, JLT executive Margaret Snowdon says.

At least 26% of medium-sized employers currently use pension schemes that do not meet the government's proposed 0.75% auto-enrolment (AE) charge cap, Jelf says.

Seven out of ten pension industry members back extending defined contribution (DC) flexibilities to defined benefit (DB) members, according to an Aon Hewitt survey.

The majority of defined contribution (DC) savers plan to take their pension pot as cash once restrictions are removed, according to Barclays Corporate and Employer Solutions (C&ES).

Now Pensions will work with payroll provider ADP to deliver an integrated auto-enrolment (AE) service, the master trust has announced.

The government has extended the length of time savers who have recently taken their tax-free lump sum have to decide how to use the rest of their pension pot.

Profund is launching an automated end-to-end administration system designed to streamline pension payroll processes for defined benefit (DB), defined contribution (DC), career average revalued earnings (CARE), and hybrid schemes.