DEFINED CONTRIBUTION

KEY TOPICS

Master trust regulation

Master trusts have taken the bulk of the 7 million new savers drawn into pension saving by automatic enrolment. But the consumer protections...

The Lifetime ISA

The Lifetime ISA is potentially a good savings vehicle for some specific groups of people. The self-employed and those without access to...

Retirement Income Adequacy

The Pensions and Lifetime Savings Association (PLSA) has published new research analysing the incomes different UK generations can expect in retirement...

Freedom and Choice Retirement Reforms

It has been a very busy year for the pensions industry. In his March 2014 Budget, Chancellor George Osborne announced a major reform to the way savers in...

Independent Retirement Savings Commission

In our Manifesto, Pension Possibilities, we called upon the next Government to set up an Independent Retirement Savings Commission – an advisory...

Pension scams

The PLSA has proposed that the Government should introduce an authorisation regime for....

Costs, Charges and Governance in DC Schemes

Thanks to automatic enrolment, an estimated 6-9 million additional people will be saving into...

Automatic Enrolment

Starting from October 2012, up to 11 million workers are being automatically enrolled into a workplace pension. We are now mid-way...

Workplace Pension Survey

The Workplace Pension Survey tracks the opinions and attitudes of people on pensions in the workplace...

Annual Survey

Our annual survey shows trends in defined benefit, defined contribution, pension scheme investment and governance...

DC IN FOCUS

Our 2014 Annual Survey revealed that active membership of DC schemes now outnumbers that of DB schemes for the first time.

With the continued roll out of automatic enrolment, the introduction of new pension freedoms and a renewed focus on costs and charges, it is clear that DC pensions will remain high on the public policy agenda.

As more individuals start to save into a workplace pension, it is vital that schemes are well-governed and deliver value for money for savers. The introduction of new pension freedoms offers unprecedented opportunities for individuals, but it is crucial that changes are communicated properly so that people can make solid plans for retirement.

The Pensions and Lifetime Savings Association plan is working hard to promote a regulatory framework for DC pensions that maintains incentives to save, protects schemes from unnecessary costs and ensures good retirement outcomes are delivered for all savers.