Budget cuts in the basic rate of income tax were driven by the government's plans to introduce a national pension savings scheme, Standard Life claims.
The pensions provider said the new basic rate tax rate of 20pc fitted in “perfectly” with the contribution structure for personal accounts – 3pc from employers, 4pc from employees and 1pc through tax...
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Jupiter Asset Management's Abbie Llewellyn-Waters, manager of the Jupiter Global Sustainable Equity strategy, explains why firms need to integrate ESG into their business model