defined contribution

The government has proposed an amendment to the Pensions Bill which will pave the way for regulations requiring the disclosure of transaction costs to scheme members.

The government will introduce transparency requirements on transaction charges in workplace defined contribution (DC) schemes, pensions minister Steve Webb has announced.

Australia and the Netherlands are the countries the UK should look to for inspiration on pension, provision according to Buzz respondents.

A group of Labour lords have tabled an amendment to the Pensions Bill that would force the government to impose a pension scheme charge cap by 30 April 2015.

ShareAction’s Catherine Howarth says auto-enrolment calls for tight governance standards

The independent project board (IPB) leading the Office of Fair Trading (OFT) review into legacy defined contribution (DC) schemes may struggle to tackle outdated arrangements, industry figures warn.

More than half of people (52%) would choose a reduced savings pot over increasing their exposure to risk, according to research from the Pensions Institute (PI).

Small and medium-sized enterprises (SMEs) may only need three months to prepare for auto-enrolment (AE), Legal & General (L&G) suggests.

The average annual management charge is 0.71% and 0.84% for defined contribution (DC) trust-based and contract-based schemes respectively, according to Department for Work and Pensions (DWP) research.

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