Longevity 14: CDC urged as solution to demographic challenges and 'insolvent' state system
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.
Individual defined contribution (DC) accounts are storing up problems for generations to come, they said, but the UK "still has time" to reform retirement savings and make future retirees less dependent...
More on Defined Contribution
FCA proposes Pension Wise nudge for DC savers
Contract-based pension providers could be required to nudge savers to book Pension Wise appointments before accessing their savings.
PASA launches DC transfer working group
The Pensions Administration Standards Association (PASA) has launched a defined contribution (DC) transfer working group.
Adequacy model 'catastrophe' on horizon for DC members
Defined contribution (DC) pension members are heading for a “worse catastrophe than previously thought” with regards to adequacy models, according to PTL.
Gen Xers: Set to face a shock in later life
Charlotte Moore looks at how those born between 1965 and 1980 are likely to feel the pinch at retirement.
Value destruction risk at retirement 'huge'; Industry urged to provide personalised guidance
The value destruction of a savers’ pension at the point of retirement is “huge” and personalised guidance is vital to prevent members knocking out years of savings, according to industry experts.
