Workplace pension saving rate hits 73% as AE staging concludes
Nearly three-quarters of workers were saving into a workplace pension scheme as of April last year, data from the Office for National Statistics (ONS) shows.
Membership of occupational pension schemes grew by six percentage points over the year to 26 April 2017, with 73% of workers now saving into such a scheme, compared to 67% the year before, largely driven...
More on Defined Contribution
LCP calls for 'fundamental rethink' on DC chair's statements
Defined contribution (DC) chair’s statements need a major re-think as part of the Department for Work and Pensions’ five-yearly statutory review on the rules around scheme governance in 2021, LCP says.
Consolidating DC schemes urged to act before 'capacity crunch'
Trustees must undertake a five-step process urgently if they are seeking to move their single-employer defined contribution (DC) scheme into a master trust, says Premier.
Cushon eyes more master trusts after Salvus acquisition
Workplace savings fintech Cushon has expanded its acquisition target to include pension-focused businesses as well as master trusts.
AE remains resilient despite pandemic and pension contribution increases
Auto-enrolment (AE) remained resilient during the Covid-19 pandemic and in the wake of minimum contribution increases, according to a report by Nest Insight.
Quarter of schemes switch to DC master trusts; a further half planning similar move
Transfers to defined contribution (DC) master trusts will continue well into 2021, latest research from Sackers reveals.
