Firms are failing to give staff adequate pensions guidance, JPMorgan Invest has warned. Its survey of FTSE350 companies found fewer than one-in-20 had their own active education programme in place, while a third failed to explain the full selection of retirement options to staff.
One-in-five (21pc) continued to focus solely on annuities, which seriously limited the choices available at retirement, said the firm. The research also found firms relied heavily on passive information...
Contract-based schemes could face requirements to disclose their firms' policies on environmental, social and governance (ESG) issues under Financial Conduct Authority (FCA) plans.
Kate Smith has been named head of master trust at Aegon following the acquisition of BlackRock's defined contribution (DC) businesses.
Andy Palmer says trustees and employers should prepare for a no deal, which could pose big risks to sponsor covenants