A third of workers plan to opt-out of their workplace pensions after being automatically enrolled under the government's pension reforms, a poll reveals.
Figures from the National Association of Pension Funds show 33% of workers eligible to join a qualifying workplace pension scheme intend to leave. Asked why, 40% said they do not trust the pensions industry....
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.