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 had...
Helen Morrissey looks at pension schemes' experience of investing in the property market during 2016 and asks what they can expect during 2017
The Department for Work and Pensions (DWP) has proposed ways to improve the defined benefit (DB) system in its long-awaited consultation paper.
There could be a case to suspend indexation for schemes which are underfunded and where sponsors are in stress, the government has said.
Willis Towers Watson (WTW) has launched a global marketplace in a bid to make the investment management industry more efficient and substantially cut scheme costs.