Defined Contribution

As many as ten million pension savers will increase their contributions to take advantage of greater at-retirement flexibility announced in the Budget, according to research.

The Pensions Regulator (TPR) is set to ask DC trustees to wind-up schemes or transfer members in a bid to improve standards in smaller plans.

Workers could lose out as a result of the changes announced in the Budget if they lead to less pooling of longevity risk, warns shadow pensions minister Gregg McClymont.

The industry has questioned whether the charge cap on auto-enrolment (AE) default funds is good for scheme members.

People managing to achieve a retirement income of £15k per year will be "comfortable", according to a report by the National Employment Savings Trust (NEST).

Pension industry bodies have expressed "serious concern" over the timing of the defined contribution (DC) charge cap proposed by the Department for Work and Pensions' (DWP).

The pensions industry believes big defined contribution (DC) schemes must put in-house income drawdown in place, PP research finds.

A "radical rethink" is underway in the annuity market following the sweeping Budget changes but concerns over fund depletion remain, according to Equinity Paymaster.

Defined contribution (DC) savers who intend to manage their own pension pot in retirement are unwilling to pay for regular advice, according to research from Hymans Roberston.

The promise of guidance at retirement "does not go far enough" and a new form of retirement-focused advice must be created by the regulator, according to Royal London.