A major mis-selling scandal is likely to hit millions of retirees unless default decumulation options are set up, the National Employment Savings Trust (NEST) has warned.
The government-backed auto-enrolment pension scheme said strong default options should be set up to complement a thriving and competitive advice market. It made the comments in its response to the Work...
Investment and advice giant Quilter has called on the government to consider decoupling employee and employer contribution thresholds for auto-enrolment (AE) due to the pressures of Covid-19.
SEI has partnered with Moneyhub in a bid to enhance its master trust offering and help members improve their financial wellbeing.
Plans to improve value to members in defined contribution (DC) plans by improving investment options and governance while consolidating small schemes have been welcomed as a “wake-up call” for the industry.
While many savers remain concerned about funding retirement, more than a quarter say auto-enrolment (AE) provisions have solved their worries, Close Brothers research shows.
The Department for Work and Pensions (DWP) has launched a consultation to improve saver outcomes and promote investment in green technology and infrastructure.