Over two-thirds of employers plan to use their existing defined contribution plan to automatically enrol their employees, latest research from Towers Watson reveals.
The consultants survey - which polled 145 fiduciaries of UK DC pension plans, representing an estimated 450 000 active members, 280,000 deferred members and having nearly £14bn of assets under management...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.