In 2004, Shlomo Benartzi and Richard Thaler came up with the brilliantly simple idea of Save More Tomorrow, or SMART, plans that used behavioural traits to increase retirement savings.
It did this using automatic deferred salary sacrifice – meaning individuals agree to use a certain proportion of any future pay increases to boost their pension contribution rate. In one firm that...
MPs have concluded the regulator was not responsible for the collapse of plans to rescue the BHS pension schemes. Michael Klimes examines the report
Lack of consistency across defined contribution (DC) default funds may result in larger numbers of members opting out, Punter Southall has warned.
Fresh thinking is needed to make defined benefit (DB) schemes sustainable in wake of MPs’ damning conclusions on British Home Stores (BHS), according to experts.
This week we want to know if Theresa May’s (pictured above) government is downgrading pensions and if capital adequacy requirements for master trusts could make them insolvent.