Fifth of schemes not reviewed default strategy after April freedoms
Almost a fifth of schemes have not reviewed their default investment strategy in light of freedom and choice according to Lifesight, the master trust owned by Willis Towers Watson.
According to the firm's Pension Design Survey 2015: how employers are embracing freedom and choice, 80% of contract-based and trust-based schemes surveyed had examined their default investment approach....
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Two-thirds 'sleepwalking' into retirement and will run out of pension in their 80s
Older savers are at risk of running out of their defined contribution (DC) pension savings with a third of their retirement still ahead, according to research by The People’s Pension and State Street Global Advisors.
