DC members are 25% worse off than seven weeks ago because poorly designed investment strategies have failed to protect from volatility and market falls, Xafinity says.
Research by the consultant said defined contribution members have been hit by a combination of global equity volatility affecting their pots and falling bond yields reducing the retirement income they...
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.
The Defined Contribution Investment Forum (DCIF) has reappointed Vivek Roy as chairman for 2019 following a vote at its annual general meeting last November.