All Defined contribution articles
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FeaturesDC outlook: Scale, value, and adequacy are top of the agenda
With the Pension Schemes Bill set to reshape the defined contribution (DC) landscape over the next decade, Pensions Expert asked experts about the challenges and opportunities awaiting the sector in 2026.
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OpinionSPP: The long road from CDC concept to reality
The collective defined contribution (CDC) concept is slowly gaining traction, but Iain McLellan of the Society of Pension Professionals asks whether it needs its own ’electric vehicle moment’ to gather more traction across the industry.
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NewsAviva to support surplus sharing into DC master trust
Aviva’s £15bn defined contribution master trust has launched a service to make it easier for defined benefit trustees to use surplus assets to top up DC benefits.
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NewsTrusteeship standards face overhaul as DWP launches consultation
The Department for Work and Pensions has launched a consultation on improving standards of trusteeship, governance and administration across trust-based pension schemes, as consolidation accelerates and trustee responsibilities continue to expand.
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NewsBusinesses brace for salary sacrifice changes as legislation laid
The government has introduced legislation to limit salary sacrifice for pension contributions to £2,000 a year – but experts warn the impact could be greater than official estimates suggest.
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NewsWTW to acquire Cushon master trust as DC consolidation gathers pace
Cushon and LifeSight will operate separately, serving the mid-market and larger end of the DC universe, respectively, according to WTW.
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NewsAI adoption ‘could transform member engagement’, experts say
The impact of artificial intelligence on pensions is both “exciting and intimidating” from a trustee perspective, according to Helen Dean, chair of the Standard Life Mastertrust.
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NewsDC savers need better representation at top level, says Nest board member
ShareAction’s chief executive Catherine Howarth calls for more member representation in DC schemes, while Nest prepares to hold its first “members’ assembly” next year.
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OpinionCommunicating collective DC: Handle with care
With collective defined contribution rules now laid before parliament, Roberto Marrocco, a policy adviser at the Association of British Insurers, explains why communicating this new structure needs care and attention to detail.
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OpinionShould DC investors bail out the chancellor?
Louise Farrand of the DC Investor Forum explores a recent letter from more than 250 business leaders to the chancellor calling for greater domestic investment in UK companies.
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NewsCommunication, communication, communication: Industry sets out priorities for CDC success
Respondents to the government’s consultation have emphasised the need for retirement-only CDC to be clearly communicated to members and closely aligned with the Pension Schemes Bill’s ‘guided retirement’ rules.
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NewsPensions and IHT: Rule tweak welcomed but industry warns on complexity
Personal representatives will be able to direct pension administrators to withhold 50% of taxable death benefits in order to pay inheritance tax, according to a note in the Budget speech.
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NewsPeople’s Pension reduces government bond exposure over volatility concerns
The £35bn master trust said the changes were intended to “deliver better long-term outcomes” for older savers while continuing to manage drawdown risk.
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NewsCareer breaks push one in three women into pension poverty
Scottish Widows reported that, by age 55, one in four women will have been out of work for more than five years, which could result in a £70,000 hit at retirement.
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OpinionThe Friday Takeaway: Last stand before landmark Budget
It seems everyone is talking about the Budget. Nick Reeve looks at what might change, and why the biggest rumour would probably be bad news if it turns out to be true.
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NewsSmart acquires Waystone’s £580m master trust in ‘first of wave’
Smart Pension has acquired the WS Stakeholder Pension Scheme, the first time it has taken on a contract-based defined contribution scheme.
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NewsPMI launches partnership initiative to boost training and development
Three administration providers have signed up as founding members of the PMI’s Development Partnerships programme, after a regulatory report flagged recruitment and retention issues in the sector.
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NewsSalary sacrifice changes ‘could put millions of retirements at risk’
The Association of British Insurers has added its voice to opponents of potential changes to salary sacrifice rules, ahead of the Budget speech later this month.
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OpinionLow incomes, different lives: The unequal reality of low earners
The PPI’s John Upton explains that low earners cannot be treated as one homogenous group, as the Pensions Commission and others seek to improve retirement savings adequacy.
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NewsBusiness leaders call for DC defaults to be forced to buy UK
More than 250 UK company bosses have co-signed a letter to chancellor Rachel Reeves calling for UK defined contribution (DC) default funds to be forced to allocate 25% of all asset classes to the UK.