Rule of thumb drawdown rates lead to 'retirement ruin'
The "rules of thumb" for sustainable drawdown income should be abandoned and replaced with tailored rates based on individual circumstances, Aegon has said.
A 65-year old taking income from their pot at 4% a year has a 20% chance of running out of money within 30 years, the firm said in a report with actuarial firm EValue. The firms added this could lead...
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UPDATED: DWP to mandate use of simpler annual statements for auto-enrolment DC schemes
The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.
Industry pushes for AE intervention so members don't squander pension pot
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.
LGIM integrates ESG and climate impact pledge into DC defaults
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.
Master trusts lead the way in pensions
As TPR prepares to kick off its first master trust supervisory cycle, Kate Smith explores how the market has changed and may continue to
Sidecar savings option popular but opt-ins low, finds Nest Insight
Nest Insight has outlined a series of different options on how its planned hybrid savings tool could be implemented successfully by employers.
