DC

About 700,000 people reaching state pension age over the next ten to 15 years are at "high risk" of making poor decisions when accessing their retirement income, according to a Pensions Policy Institute (PPI) report.

The government has dropped plans to fine savers who access defined contribution (DC) pots under changes announced in the Budget but fail to alert all their previous pension providers.

Financial advisers are expected to benefit from the new regime which allows transfers between defined benefit (DB) and defined contribution (DC) schemes to the tune of £3.39m per year.

Zurich is consulting members about closing its final salary schemes to future accrual.

The government should consider scrapping the state pension to avoid national debt reaching unmanageable levels, argues a think tank.

Short service refunds are to be banned from April 2015, the government has confirmed.

The Pensions Regulator (TPR) expects a significant increase in the number of sanctions it hands out for auto-enrolment non-compliance as small employers hit their staging dates.

The Treasury is to give savers more freedom over how they take a tax-free lump sum from their pension pot.

Members could be losing money because administrators are taking longer to process defined benefit (DB) pension scheme transfers, according to experts.

Many people look to the US and Australia as models of DC best practice. However, are we right to follow their lead when it comes to auto-enrolment? Helen Morrissey takes a closer look.