Contribution DC Pension Schemes

News about "Contribution DC Pension Schemes"

UK announces 0.75...
March 27, 2014

implemented, with schemes being prohibited from taking sales commissions from pension schemes after April 2016. The charge cap will apply to all defined contribution (DC) pension schemes used for auto LONDON (Reuters) - Annual charges on British workplace pension schemes that automatically enrol their members will be capped at 0.75 percent from April 2015 in what the UK pensions minister called ;comply or explain" rule which...

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Government announces 0.75 percent cap on annual pension...
March 28, 2014
taking sales commissions from pension schemes after April 2016. The charge cap will apply to all defined contribution (DC) pension schemes used for auto-enrolment but will not yet apply to the older " LONDON (Reuters) - Annual charges on workplace pension schemes that automatically enrol their members will be capped at 0.75 percent...
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Thousands get new pension choices
March 27, 2014
to meet the new flexibility pensioners will have over their cash. Around 13 million people are part of a defined contribution (DC) pension scheme and the Government's scheme to automatically average defined contribution (DC) pension pot of £44,600 would be able to take around £820 extra before tax, according to the...
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The pensions swindle that costs £43m a year: Watchdog reveals...
September 19, 2013
contribution (DC) pension schemes? These are pension schemes where the amount of cash you are putting in is specified but the benefits you will reap when you retire are less clear. As well as the amount of company pensions which are invested in the stock market – known as defined contribution schemes. Unlike traditional final salary...
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The pensions system has...
April 27, 2013

£2,700 a year at 65. The pensions outlook for millions of people saving in "defined contribution" (DC) schemes today is, quite frankly, appalling. Later in the same day, I was talking to a semi investment returns and dreadful annuity rates for those in the private sector who can afford to pay in. DC pension schemes put all the risk on the individual, with the employer underwriting nothing. An oil rig disaster for BP in the Gulf of Mexico? The worker...

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Rip-Off Pensions: OFT Calls For Shake-Up
September 19, 2013
The Office of Fair Trading's (OFT) study of the £275bn defined contribution (DC) workplace pensions market has found some schemes offer no value for money. The trading watchdog, which decided retirement. The pensions minister Steve Webb has pledged to act on the findings It said that the Government should consult on improving the transparency and comparability of...
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