UK defined contribution schemes should stop focusing on outperforming markets and start building "next generation" schemes designed around delivering retirement incomes, a Nobel prizewinning economist says.
Professor Robert C. Merton said the focus on outperforming portfolio values and targeted values was skewing the design of schemes away from focusing on member retirement needs. Professor Merton said:...
Average amount accessed per person continues to fall
Con Keating says pre-pack administrations do not pose a moral hazard issue, and the problem is actually perverse incentives
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Nearly a million savers could be paying more tax on their pension than required, simply because they have been given the wrong tax code, Royal London has claimed.