Defined Contribution

A 0.75% charge cap will apply to all defined contribution (DC) schemes used for auto-enrolment (AE) from April 2015, pensions minister Steve Webb has confirmed.

Retirees should have access to "specialist basic advice", not unregulated guidance, independent consultant Ros Altmann says.

Legal & General (L&G), one of the country's largest annuity providers, has said it expects to see revenues from annuity products fall by three quarters by the end of 2015 following a sweeping reform of the sector.

Punter Southall’s Catherine Love Soper says other countries are abandoning collective defined contribution

Naomi Rainey looks at the master trust’s approach to defined contribution investment

Partnership and LV= have responded to the shock changes to the annuity market announced in the Budget by increasing the cooling-off period on their products.

The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) have clarified their responsibilities in overseeing the pensions market following this week's reform announcements.

Pensions minister Steve Webb has been criticised for saying people can spend their defined contribution (DC) pensions on extravagant purchases such as a Lamborghini if they want.

Far more respondents (almost half) thought financial education was the way forward for retirees, rather than independent financial advisers (IFAs) or annuity brokers.

Government proposals to scrap restrictions on pensions access will pave the way for collective defined contribution (CDC) schemes, Barnett Waddingham says.