DC

DC pension schemes should prepare for the impact of the Labour government's first Budget, expected on 30 October, which is likely to include both spending cuts and tax increases, according to Hymans...

The FCA sprang a significant surprise on the pensions market with news that its bespoke British Steel Pension Scheme (BSPS) redress scheme launched in 2023, had offered no redress to 70 per...

Standard Life has named Andrew Davies as independent chair of its independent governance committee (IGC). He also holds the role of trustee director on the Standard Life Master Trust Company Board (SLMTC),...

The first ten years of auto-enrolment have boosted private pension coverage and savings but a recent analysis from the Resolution Foundation is urging a focus on flexibility in pension savings over the...

Employee benefits platform Perkbox is now offering the Heat Scheme to its users, while major employers such as NHS Professionals, The British Film Institute, and JCDecaux have joined as direct partners. The...

Aegon has enhanced its 'member insights’ tool, offering three new features that are aimed to give consultants, trustees and employers a better overview of the pension scheme. This governance tool gives employers...

Broadstone has appointed Rahul Choudhary as director of regulatory analytics in its insurance, regulatory & risk division. Choudhary has more than 14 years of experience and is knowledgeable in financial and regulatory...

WTW urges employers to move beyond fixing the "broken" defined contribution (DC) pension system and instead proposes four alternative pension designs that could provide better retirement outcomes. Whole-life collective defined contribution (CDC),...

Aviva has completed a £1.5 billion bulk purchase annuity full-scheme buy-in with the Michelin Pension and Life Assurance Plan.  This deal, finalised in September 2024, involves an in-specie transfer of assets. It...

Actuarial number crunchers have calculated the exact amount of money you need  for a happy retirement — and it is £1,700 a month.  In order to deliver this income DC savers need...