Most DC savers have no clue how to use pension pot
The majority of defined contribution (DC) savers do not know how they will use their pension pot and only have a vague idea when they will retire, according to research.
A survey of 1000 savers aged over 40 commissioned by AllianceBernstein and analysed by the Pensions Policy Institute (PPI) also found that pensions were likely to remain an important source of income....
More Defined Contribution
Master trust update: Salvus hits £200m mark; Atlas and Hargreaves Lansdown join forces
Salvus Master Trust’s funds under management have surpassed the £200m as it continues to wait for authorisation from The Pensions Regulator (TPR).
PPI Future Book: Consolidation, contribution hikes and investment strategy key to boosting DC pension pots
The consolidation of smaller, higher-charging schemes, increased contribution rates and a move away from investment lifestyling towards DGFs and real assets could significantly boost the size of DC pots, latest analysis by the Pensions Policy Institute...
DC schemes not aligned with member values but ESG shift could boost contributions by £1.2bn a year
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.
Towards a value for money metric
Costs and fees are just a small part of the overall value for money definition, argues Con Keating
Poor governance just as bad for DC funds as high costs
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.