Department for Work & Pensions

An opposition amendment that would have allowed the Department for Work and Pensions (DWP) to rethink its pot follows member proposals has been narrowly defeated in the House of Lords.

The Office of Fair Trading (OFT) has appointed leading figures from the pension industry to the board that will oversee the audit of defined contribution (DC) legacy schemes.

The government must not "lose sight" of improving defined contribution (DC) pensions as the Department for Work and Pensions (DWP) develops its defined ambition (DA) project, industry figures warn.

The Department for Work and Pensions' (DWP) defined contribution (DC) charge cap model could differ from the three options included in its consultation, pensions minister Steve Webb says.

The Pensions Regulator (TPR) has published its draft code of practice for public sector schemes for consultation.

The Department for Work and Pensions (DWP) has launched a consultation into the statutory definition of money purchase benefits.

Large employers have criticised the government, pensions industry and payroll providers for the level of support available in setting up auto-enrolment (AE).

The Department for Work and Pensions is considering a ban on active member discounts and the extension of consultancy charge and commission bans to all DC schemes.

The government has set out a range of proposals to limit charges in schemes used for auto-enrolment (AE) to either 0.75% or 1%.

Some 50% of people surveyed by asset manager BlackRock say they are unwilling to take any risks with their money, leading to high allocations in cash.