Members should have access to good guidance for DB transfers to limit potential issues and improve member outcomes, writes Kim Kaveh.
The introduction of Freedom and Choice in 2015 triggered swathes of over 55s accessing their defined contribution (DC) pensions. This, along with high transfer values, has resulted in a large volume...
Over three quarters (78%) of defined contribution (DC) members feel their pension scheme is not aligned with their values, latest research by Franklin Templeton shows.
Costs and fees are just a small part of the overall value for money definition, argues Con Keating
Low member engagement, poor scheme governance, and multiple pots can be equally as detrimental to defined contribution (DC) funds as opaque charges and high costs, research finds.
The Pensions Management Institute's (PMI) Master Trust Working Group is inviting pension experts to participate in four workstreams to tackle barriers to good service delivery and positive member outcomes.
Willis Towers Watson has published a report looking at DC trends over the past year. Kim Kaveh looks at the findings.