The decline in retiree's pension pots and increasing life expectancy supports the need for an increase in the retirement age, Aon Consulting says.
The firm said over the last two years, the projected annual retirement income for a 60 year old has decreased by over £3000, while 65 year olds are likely to live on half the amount proposed as an acceptable...
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
Savers in defined contribution (DC) schemes will benefit from Brexit if their investments are truly diversified, says SEI's Ashish Kapur.
Retirement planning, collating information and managing costs are among the best ways for defined contribution (DC) members to optimise their retirement income according to WEALTH at Work.