defined contribution

Increasing mandatory pension contributions slowly to 8% could breed complacency in Britain according to an Australian expert.

Secretary of State for Work and Pensions Stephen Crabb has warned against allowing master trusts to become a "byword for poor practice."

Jane Higgins has been promoted to partner and Jessica Kerslake to counsel in the London-based pensions team of Allen & Overy.

Major jobs cuts are anticipated at pension services firm Diligenta which provides services to some of the biggest pension insurers.

The Chancellor's lifetime ISA (LISA) threatens to obstruct pension saving down the income scale according to Association of Consulting Actuaries chairman David Fairs.

Most of the industry believes employers are unlikely to absorb the increase in national insurance contributions, according to PP research.

The number of savers on the right track to receive their desired pension income has increased to 12% from 7% a year ago according to research from Aegon.

The biggest stories this week were backlash over Bentley's plans to pass NI costs onto DB members, Rothesay Life buying two-thirds of Aegon's bulk annuity book, and speculation over the future of the British Steel scheme.

The number of defined benefit (DB) industry professionals has declined by just 4% over the past five years according to the Pensions Management Institute (PMI).

Redington has hired Jinesh Patel as vice president of its defined contribution (DC) and financial wellbeing consulting practice.