Three in five (61%) savers would consider opening a Lifetime ISA (LISA), with 37% doing so immediately upon its launch, a survey by Hymans Robertson reveals.
Meanwhile, almost a third (31%) said they would put more money into their LISA than their pensions, when the product is introduced next April. The LISA allows savers to put aside up to £4,000 a year...
The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.
The pensions industry must personalise interventions and auto-enrolment (AE) conversations to prevent members from squandering their pots at retirement age, according to industry experts.
Legal & General Investment Management (LGIM) has incorporated ESG considerations as well as its climate impact pledge into the default funds for the 3.3 million members in its master trust and contract-based schemes.
As TPR prepares to kick off its first master trust supervisory cycle, Kate Smith explores how the market has changed and may continue to
Nest Insight has outlined a series of different options on how its planned hybrid savings tool could be implemented successfully by employers.