DWP

The Department for Work and Pensions (DWP) has opened a consultation on abolishing the restrictions on the National Employment Savings Trust (NEST).

There has been a steady decline in the proportion of FTSE 100 companies offering defined contribution (DC) trust-based schemes, according to Towers Watson.

According to a new methodology to model retirement, the IFS believes 92% of couples born in the 1940s have accumulated more wealth than they need to maintain their standards of living in retirement.

Tanjil Rashid looks at whether the pensions minister’s optimism for retirees is justified

MPs have launched an inquiry into the progress of auto-enrolment after the shock changes to the pension system announced in the Budget.

The pensions minister has revealed that the Department for Work and Pensions (DWP) predicts people's pension incomes will in the future be consistent with present earnings.

UK pensions would be better off regulated by a single body in the future, the pensions minister Steve Webb has said.

The government is looking into exit fees levied on people cashing in their defined contribution (DC) pots, but has as yet no plans to intervene, says Steve Webb.

The success of the pot follows member policy will depend on better efficiency and cost control, according to Origo.

The Department for Work and Pensions (DWP) says its auto-enrolment policy is proving successful, with almost three quarters of the population aware of the flagship programme.