The Pensions Regulator has been urged to report on the workplace defined contribution market in greater detail, after Office for National Statistics figures revealed the size of the market for the first time.
The ONS report Pensions in the National Accounts, published at the end of April, put the value for the workplace DC market at £386bn compared with an estimated £1.34trn in defined benefit obligations....
Savers with less than a decade to go until retirement have a reasonable timeframe ahead for their pension to recover from the market instability caused by the Covid-19 coronavirus, according to Unbiased.
The Institute and Faculty of Actuaries (IFoA) has launched an investigation into the increasing transfer of risks to consumers, with a particular focus on defined contribution (DC) pensions.
Almost 10 million people are now enrolled in multi-employer pension schemes*, with larger FTSE employers now being attracted by their more efficient governance arrangements
There are increasing concerns retirees are not making informed decisions when choosing drawdown funds and could have high exposure to sequence risk, writes Stephanie Baxter.
Schemes have had a windfall gain by not hedging currency risk. Stephanie Baxter asks whether schemes should now begin to hedge to protect members