defined contribution

Defined contribution (DC) schemes have reduced in number by 40% according to figures from The Pensions Regulator.

Statistics from HM Revenue and Customs (HMRC) have revealed 188,000 people have accessed around £3.5bn since freedom and choice came into effect last April but figures tailed off at the end of 2015.

More than 60% of trust-based schemes do not provide access to a flexible drawdown facility, suggesting a slow response to the April freedoms, according to Willis Towers Watson.

Pension fund boards and executive committees across Europe have shown the strongest female representation in the capital markets sector, according to a report by New Financial.

Consumers will save an extra £1bn in pension tax relief this year as more join workplace schemes, according to research from Prudential and unbiased.co.uk.

Changes to defined contribution scheme (DC) governance over the last five years have not improved member outcomes, according to 61% of pension managers and trustees in a survey.

Gerald Wellesley has been appointed a director at HR Trustees where he will help the firm grow its professional trustee services.

More than a third (36%) of employers have seen staff enquiring about transferring from a defined benefit (DB) to a defined contribution (DC) pension scheme since April, research finds.

Changes to workplace pensions are seen by independent financial advisers (IFAs) as their key growth opportunities for 2016 according to Aviva.

Almost half of those opting for income drawdown in retirement have done so without seeking advice, new data from the Financial Conduct Authority (FCA) has shown.