DC savings swell but danger of opt-out looms

Private sector pensions continue to increase, but warning of growing opt-out threat

clock • 2 min read
DC savings swell but danger of opt-out looms

Membership and contributions to private sector defined contribution (DC) pensions continue to grow, but the rising danger of opt-outs looms, analysis from Broadstone shows.

The firm looked at quarterly funded occupational pension schemes data from the Office for National Statistics (ONS), which showed while DC savings are growing, the data could be hiding a nasty stin...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Well-managed defaults key to ensure late decision-making majority are not penalised

Well-managed defaults key to ensure late decision-making majority are not penalised

Survey finds majority only make pension decisions one year or less before retirement

Jonathan Stapleton
clock 14 May 2024 • 1 min read
Industry backs enrolling employees into schemes at maximum contribution levels

Industry backs enrolling employees into schemes at maximum contribution levels

PP poll finds 56% of respondents favour proposals in paper published by WTW

Martin Richmond
clock 08 May 2024 • 1 min read
Patrick Heath-Lay: Industry not doing enough to make transfers work for members

Patrick Heath-Lay: Industry not doing enough to make transfers work for members

Master trust CEO says VfM metrics should apply across all DC pensions

Patrick Heath-Lay:
clock 02 May 2024 • 4 min read
Trustpilot