ABI cautious on call for 2 page pension statements

The ABI has given a muted welcome to plans by Pensions Minister Guy Opperman MP, announced at the weekend, to give DC pension scheme members a condensed pension annual statement of no more than two pages.

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3% rise in DC pensions accessed in 2019/20

The number of DC pensions accessed for the first time in 2019/20 rose 3% year on year from the previous year, according to figures from the Financial Conduct Authority.

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Regulator finds DC pension providers 'untrusted' by many

The FCA has found that about 63% of defined contribution pension holders only have low or moderate confidence in their provider.

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Consumer Panel demands fairer deal on DC pensions

Kay Blair, vice-chair of the Financial Services Consumer Panel, has said consumers are getting an unfair deal from DC pensions. Read more...
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