Four in 10 trustees say DC investment strategies are less sophisticated than DB - research
Some 42% of defined contribution (DC) trustees believe that their investment strategies are 'less sophisticated' than those used by defined benefit (DB) schemes, according to a Hymans Robertson survey.
According to the consultancy, this is because DB schemes more commonly invest in unlisted assets such as property, infrastructure, and private equity. Due to the illiquid nature of these investments, it...
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ONS report reveals 'transformational' impact of AE; But 2020 saw participation levels plateau
Nearly eight in ten employees have a workplace pension today compared to less than half of people when auto-enrolment (AE) was introduced in 2012, according to a report by the Office for National Statistics (ONS).
AE set-up lulling savers away from crucial pension contribution opportunities
The government should encourage people to save more into pensions after life stages such as when children leave home and after mortgages and student loans are paid off, the Institute for Fiscal Studies (IFS) says.
Millions of workers set to face 'life changing' retirement shortfalls
Millions of workers are set to face “life changing retirement shortfalls” as lower growth forecasts could wipe a third off pot values, according to Lane Clark & Peacock (LCP).
FCA proposes Pension Wise nudge for DC savers
Contract-based pension providers could be required to nudge savers to book Pension Wise appointments before accessing their savings.
PASA launches DC transfer working group
The Pensions Administration Standards Association (PASA) has launched a defined contribution (DC) transfer working group.
