Hugh Nolan believes members struggling with increased auto-enrolment contributions should be offered a chance to opt back down to the previous level rather than making it an "all or nothing" choice.
Some 235,000 employers have enrolled their staff in a workplace pension and over 6.6 million people are now in these schemes. So far, so good on auto-enrolment! This success strongly supports the nudge...
Online provider Pension Bee has created a flexible pension for self-employed savers, allowing them to make contributions according to their income.
Older savers are at risk of running out of their defined contribution (DC) pension savings with a third of their retirement still ahead, according to research by The People’s Pension and State Street Global Advisors.
Defined contribution (DC) contributions were scaled back by 11% in the second quarter of 2020 as the impact of the pandemic set in, according to the Office for National Statistics (ONS).
The Barclays Bank UK Retirement Fund (Barclays UKRF) has integrated ESG factors and climate risk into a £1.3bn diversified growth fund (DGF) portfolio used for its defined contribution (DC) scheme.
PensionBee has launched four ready-made investment pathway solutions with State Street Global Advisors (SSGA) ahead of the February implementation deadline.