Investment

BT will use a combination of its existing Standard Life defined contribution (DC) scheme and the National Employment Savings Trust (NEST) for auto-enrolment.

The government's proposed reforms to public sector pension schemes will cut the average benefit for members by more than a third, analysis has found.

A fifth of people approaching retirement will suffer large income falls and should expect to have to rely on savings and inheritances when they stop working, a report has found.

FIVE THINGS

The gap between the amount men and women are saving for retirement could grow to a ‘record high' of almost £30,000, according to Scottish Widows.

Pensions minister Steve Webb has given an impassioned defence of the government's preferred pot follows member approach to eradicating small pots.

Pension providers who auto-enrol workers into "dodgy old" schemes will be named and shamed by the pensions minister.

Resolution has confirmed its chairman Mike Biggs will leave the company after its governance overhaul.

Labour has called for the Office of Fair Trading (OFT) to investigate pension fund charges as part of its campaign for transparency.

The National Employment Savings Trust (NEST) will implement a fully-automated process allowing self-employed people to join the scheme in January.