In 2004, Shlomo Benartzi and Richard Thaler came up with the brilliantly simple idea of Save More Tomorrow, or SMART, plans that used behavioural traits to increase retirement savings.
It did this using automatic deferred salary sacrifice – meaning individuals agree to use a certain proportion of any future pay increases to boost their pension contribution rate. In one firm that had...
Members of the Pensions and Lifetime Savings Association (PLSA) have given a green light to changes to the trade body's constitution and articles of association.
The newly-appointed chairman of the Pensions and Lifetime Savings Association (PLSA) has pledged to "open up" the organisation in a bid to improve policy development.
The Department for Work and Pensions (DWP) has suggested its forthcoming white paper on defined benefit (DB) provision will only show the direction of travel on consolidation, rather give than a definitive answer.
A raft of consultations and draft regulations will greet the industry over the coming weeks and months, the pensions and financial inclusion minister confirms.