Average opt-out rates for 22- to 29-year old female members were 5% in December compared to 3% for men - a trend that accelerates across older groups, according to Now Pensions analysis conducted exclusively for PP.
This meant the average opt-out rates for 22- to 29-year-olds was 4% at the end of 2017; the lowest opt-out rate compared with the other age groups. The most likely to opt out were 60-to 64-year olds,...
Online provider Pension Bee has created a flexible pension for self-employed savers, allowing them to make contributions according to their income.
Older savers are at risk of running out of their defined contribution (DC) pension savings with a third of their retirement still ahead, according to research by The People’s Pension and State Street Global Advisors.
Defined contribution (DC) contributions were scaled back by 11% in the second quarter of 2020 as the impact of the pandemic set in, according to the Office for National Statistics (ONS).
The Barclays Bank UK Retirement Fund (Barclays UKRF) has integrated ESG factors and climate risk into a £1.3bn diversified growth fund (DGF) portfolio used for its defined contribution (DC) scheme.
PensionBee has launched four ready-made investment pathway solutions with State Street Global Advisors (SSGA) ahead of the February implementation deadline.