The number of active members in occupational pension schemes has fallen 400,000 year-on-year, according to the Office for National Statistics (ONS).
Lynne Strongin Dodds examines the options for default funds
Naomi Rainey looks at the Office of Fair Trading’s defined contribution recommendations
Naomi Rainey asks why the OFT didn't recommend stronger action on DC
Jonathan Stapleton calls for concrete solutions on poor value DC
Trustees closing occupational defined contribution (DC) schemes must keep members' best interests at heart when considering a master trust bulk transfer, Xafinity warns.
The majority of managers and advisors agree that regular reviews of defined contribution (DC) schemes and their providers are required for better governance, according to the Pensions Management Institute (PMI).
The Office of Fair Trading's (OFT) report into the workplace defined contribution (DC) savings market highlighted some stark concerns over charges.
Contract-based governance committees will have powers to request action and refer non-compliance to the Financial Conduct Authority (FCA), the Office of Fair Trading (OFT) says.
Insurers have welcomed the Office of Fair Trading's (OFT) recommendation to introduce independent governance committees for contract schemes.