DEMANDING higher contribution rates from sponsoring employers is not the answer to weathering the storm of current market volatility, an industry expert warns.
Independent Trustees Services business development executive Terry Monk said demanding more money now while the economy is experiencing a downturn could result in employers asking for the money back once...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.