defined contribution

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 key measures announced today

A 0.75% charge cap will apply to all defined contribution (DC) schemes used for auto-enrolment (AE) from April 2015, pensions minister Steve Webb has confirmed.

Legal & General (L&G), one of the country's largest annuity providers, has said it expects to see revenues from annuity products fall by three quarters by the end of 2015 following a sweeping reform of the sector.

Naomi Rainey looks at the master trust’s approach to defined contribution investment

Retirees who withdraw their pension pots in one lump sum could end up paying for their own long-term care, Prime Minister David Cameron has suggested.

Pensions minister Steve Webb has been criticised for saying people can spend their defined contribution (DC) pensions on extravagant purchases such as a Lamborghini if they want.

Shadow pensions minister Gregg McClymont has challenged pensions minister Steve Webb over his defined ambition (DA) proposals in light of the government's defined contribution (DC) reforms.

Sending out the message that decent pensions will become unaffordable in the UK as society ages is "irresponsible and almost certainly mistaken", says Barclays European chief investment officer Kevin Gardiner.

The government will ban public sector workers from transferring pension pots to defined contribution (DC) arrangements and is considering similar restrictions on private sector schemes, it has announced.