An increase in decumulation options offered by defined contribution (DC) schemes has highlighted a ‘fundamental shift’ from a savings system to a pensions system, and smaller schemes should act or consolidate, according to The Pensions Regulator (TPR)

Figures from across the pensions industry have responded to the Department for Work and Pensions’ (DWP) consultation on trusteeship and governance, raising concerns about the independence of trustees and potential conflicts of interest as the market evolves and consolidates

Industry respondents have urged the government and regulators to refine aspects of the proposed Value for Money (VFM) Framework for pensions, warning that certain measures could distort comparisons between schemes and risk unintended consequences for savers

The UK’s pensions governance and regulatory framework could become “unfit for purpose” within the next decade as consolidation reshapes the defined contribution (DC) market, a paper published by the Social Market Foundation (SMF) has warned

Default investment strategies used by major defined contribution (DC) master trusts have become increasingly growth-focused over the past five years, as providers adapt to how savers now access their pensions, analysis from Isio has revealed

Workers should have more say in how their pensions are governed through mandated member representation on pension trustee boards, the Trades Union Congress (TUC) has argued