Lee Hollingworth

The government must set mandatory requirements for defined contribution schemes says Hymans Robertson, after research revealed default funds were delivering poor value for members.

Revisions to the regulations governing automatic enrolment have been released following the conclusion of a Department for Work and Pensions consultation.

Defined contribution investment strategies must focus more on member outcomes and less on turning savers into investment experts to succeed during auto-enrolment, consultants say.

Braced for impact: Employer's 2012 coping strategies

Marks & Spencer is set to replace its current pension scheme with a ‘bundled mastertrust' called Your M&S Pension Savings Plan in preparation for 2012.

Almost one third of the UK's largest companies are planning to use expensive and ill-suited pension provision to comply with employer duties, according to Hymans Robertson.

Fewer than one in five finance and HR directors at major companies are confident they know how much auto-enrolment will cost their firm overall, research shows.

Only 7% of workplace pension professionals believe employers would set up trust-based schemes to take advantage of short-service refunds, a study shows.

Diversified growth strategies and target return funds are the future of default fund investing, a poll of delegates reveals.