Is a positive approach the best way to encourage savers to increase contributions into their DC fund? James Phillips reports
At a glance DC contribution rates are 17% lower than their DB counterparts Action needs to be taken to increase these contribution rates Schemes should promote higher savings as a social norm ...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
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.