Savers using drawdown in retirement are potentially accessing their funds at an unsustainable rate, with money likely to run out within 25 years.
Many pensioners are adopting a 6.2% withdrawal rate, with an increasing number doing so immediately upon retirement, an analysis by Royal London has revealed. However, it found this withdrawal rate...
As DC schemes face increasing pressures to consolidate, David Snowdon says master trusts are the perfect home.
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