DC

Pensions Minister Steve Webb says he remains committed to defined ambition (DA) despite the Budget scrapping restrictions on how people take their pensions income at retirement.

The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) are taking steps to ensure their approach to overseeing workplace pensions does not result in "regulatory arbitrage".

The audit of legacy pension scheme charges could hit provider business and affect the current level of charges being offered on auto-enrolment schemes, according to a consultant.

Labour MP Rachel Reeves has demanded Prime Minister David Cameron "clarify" the government's position on a charge cap for defined contribution (DC) schemes.

The Pensions Regulator (TPR) has launched a defined contribution (DC) standard governance statement to help schemes demonstrate quality.

The defined contribution (DC) pensions market will rocket to six times its 2012 value of £276bn assets under management (AUM) by 2030, according to the Pensions Institute (PI).

Retirement Planner's round-up of the top pension stories this week.

Up to 90,000 employers would be forced to review their defined contribution (DC) schemes if a charge cap was introduced, according to a government impact assessment.

Adviser commission on auto-enrolment pension schemes established before the Retail Distribution Review (RDR) could be scrapped under measures announced by the government.

ANNUITIES