Some £5.4bn was put into defined contribution (DC) pension schemes last year - an increase of 21% year on year, according to The Pensions Regulator (TPR).
The watchdog's annual DC Trust report showed a total of £48bn is now saved into DC pension schemes. The information in the report is based on data provided by schemes on returns TPR issued from July...
Thames Water has contracted Aon to bring an “inspiring and innovative approach” to its 4,500-member strong defined contribution stakeholder plan.
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.