Defined Contribution

Helen Morrissey looks at how we can increase financial awareness among the general public.

The success of auto-enrolment (AE) could be undermined by rising opt-out rates when minimum contributions increase in 2017 and 2018, the Association of Consulting Actuaries (ACA) has warned.

The publication of The Future Book promises to give a snapshot of the DC landscape as well as providing food for thought as to its future direction. Helen Morrissey goes through the research.

Concerns have been raised about low defined contribution (DC) saving rates as the number of DC savers exceeds active defined benefit (DB) membership for the first time.

Nearly half of UK employers (49%) are worried about older workers deferring retirement due to inadequate savings, with the majority fearing the situation will get worse.

How the 4% rule can help

Four out of five cash lump sums paid out to under 65s

Aon Hewitt has joined the defined contribution (DC) master trust market, launching a service aimed initially at existing schemes with £20m or more in assets.

Flat-relief welcomed, EET to TEE rejected

Practical help for DC trustees