Half of millennials were saving into a pension in 2016 but the overall total of their savings has dropped, according to analysis.
In the period between 2010 and 2012 just over a third (35%) of people aged 25 to 34 were contributing to a pension, which rose to over half (54%) by 2016, according to an analysis of Office for National...
Now authorisation has ended for existing schemes, Kim Kaveh reflects on the process and asks what the future holds for ongoing supervision.
Capita has signed up to the government-backed Star Initiative, taking its total number of participants to 50.
Smart Pension and Australian administrator Link Group have entered a strategic global partnership to take their “combined expertise” into new markets in the UK and globally.
Cost savings of up to 20% could be made by pension schemes if they move to a defined contribution (DC) master trust, according to Hymans Robertson analysis.