Some 36% of employees do not know that they have been automatically enrolled into a workplace pension, data from the Office for National Statistics (ONS) has revealed.
According to its Wealth and assets study: Attitudes towards saving for retirement, automatic enrolment into workplace pensions and financial situation published today (1 August), 63% of eligible employees...
Low member engagement, poor scheme governance, and multiple pots can be equally as detrimental to defined contribution (DC) funds as opaque charges and high costs, research finds.
The Pensions Management Institute's (PMI) Master Trust Working Group is inviting pension experts to participate in four workstreams to tackle barriers to good service delivery and positive member outcomes.
Willis Towers Watson has published a report looking at DC trends over the past year. Kim Kaveh looks at the findings.
NEST, Aegon Master Trust, Ensign Retirement Plan, Creative Pension Trust and the Baptist Pension Scheme have been authorised by The Pensions Regulator (TPR).
Professional Pensions has compiled a list charting the progress of master trust authorisation. View our list in full here...