Thirty per cent of defined contribution pension schemes have breached at least one requirement to disclose information to members and more than half have some scope to improve the quality of the information they provide, according to a study released on Monday by the Pensions Regulator.

A small minority of schemes, 4 per cent, have multiple breaches that are considered severe. The study, a review of how well DC schemes are preparing members to achieve the best possible deal in retirement, comes as the UK prepares for a dramatic shift in pension provision, with the majority of those saving through their own investment pots outstripping the numbers saving through defined benefit company schemes.