Freedoms payouts total £1.6bn in Q3 as probe hears evidence
Just under 200,000 people accessed their pensions using Freedom and Choice in the third quarter of the year, HM Revenue and Customs figures have revealed.
On average, each person received around £8,000 through 2.2 withdrawals, with £1.6bn being paid out. The figure is down from the record £1.9bn recorded in Q2 this year, when the average withdrawal also...
More on Defined Contribution
Aviva Master Trust default strategy now fully ESG factored
Aviva Investors’ fully ESG-integrated ‘My Future Focus’ investment strategy has been adopted by the Aviva Master Trust as its standard default.
Phoenix launches ESG DC default solution
Phoenix Group will launch an ESG defined contribution (DC) default solution for pension fund clients of its Standard Life Assurance business and their scheme members.
Industry Voice: Beyond the pandemic
Newton’s Curt Custard considers the investment outlook for 2021 and the implications for DC schemes
Master trust investments 'more sophisticated' but 'growing pains' hinder progress
Master trusts’ investment strategies have grown and become more sophisticated over the last three years, but “growing pains” are hindering progress, according to the Defined Contribution Investment Forum (DCIF).
Exclusive: BlackRock's flagship LifePath strategy to target 50%+ ESG by mid-2021
More than half of BlackRock’s flagship UK defined contribution (DC) default fund’s assets will be invested in ESG strategies by June 2021.
