Defined Contribution

The industry believes the the minimum auto-enrolment contribution for workers should be set above 6%, according to research carried out by PP.

The pensions industry wants to see a rapid escalation of the minimum employer contribution rate for auto-enrolment, PP research finds.

Pension Quality Mark (PQM) has reinforced the requirements for default investment strategies in a revised standards document published today.

The Financial Services Consumer Panel (FSCP) has urged schemes to develop in-house income drawdown propositions rather than forcing members into the retail market.

Schemes can expect to get clarity as to what the guidance guarantee entails by the end of the year according to pensions minister Steve Webb.

Standard Life has said its sales of annuities have fallen by half following changes to the rules around retirement announced in last month's Budget.

The cost of providing the guidance guarantee will fall on schemes according to pensions minister Steve Webb.

Is focused advice a viable option?

Consumer group Which? has shelved plans to launch an annuities advice service following the far-reaching changes announced at Budget 2014.

Two thirds of the pension industry think the government should consider compulsory saving to make sure as many workers as possible had something to supplement their state pension.