defined contribution

HM Revenue and Customs (HMRC) has taken over £400m too much in tax from savers accessing their pensions since the introduction of Freedom and Choice in 2015.

As the DWP's consultation on collective DC closes, Stephanie Baxter finds most responses are broadly supportive but some are critical, pointing out there is a long way to go to get it right

People in their mid-career aged 35-49 are the most likely to struggle with saving for retirement, according to Aon's 2018 defined contribution (DC) and financial wellbeing member survey.

Guy Opperman says as contribution rates increase, millions more people will be able to look ahead to retirement with confidence

Support staff at Manchester University have overwhelmingly voted to take strike action over plans to reduce and close the defined benefit (DB) pension scheme.

HM Revenue and Customs (HMRC) has had to pay £38m to pension freedom users after more than 18,000 counts of tax overpayment were reported.

The Financial Conduct Authority (FCA) will launch a consultation on updating the permitted links framework to allow unit-linked pension funds to invest in an appropriate range of so-called 'patient capital' assets.

Colin Meech says lack of clarity means workers and their employers don't know whether they're getting value for money or how investments are performing

In this week's Pensions Buzz, respondents warned schemes being required to offer partial transfers could lead to too many administrative burdens

Jonathan Stapleton says while the new rules will ensure master trusts are well run and have good systems, they won't necessarily ensure members are in the best schemes