Over 50% of workplace pension savers have already increased their contributions above the minimum rate set by their employer or auto-enrolment (AE), Hargreaves Lansdown research has found.
The higher the value of the existing pot, the more likely savers are to up their contributions, with those with pots in excess of £10,000 more than twice as likely to do so than those with pots valued...
As DC schemes face increasing pressures to consolidate, David Snowdon says master trusts are the perfect home.
The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.
The pensions industry must personalise interventions and auto-enrolment (AE) conversations to prevent members from squandering their pots at retirement age, according to industry experts.
Legal & General Investment Management (LGIM) has incorporated ESG considerations as well as its climate impact pledge into the default funds for the 3.3 million members in its master trust and contract-based schemes.
As TPR prepares to kick off its first master trust supervisory cycle, Kate Smith explores how the market has changed and may continue to