Webb warns simple comms essential for AE success
Focusing on simple messages will be a key part of ensuring the success of auto-enrolment, pension minister Steve Webb says.
Speaking at the Marketforce Future of Long Term Savings conference Webb said employees must understand they are missing out on a pay rise by not opting into their company pension scheme. "By not opting...
More on Defined Contribution
Latest stories
PLSA shrinks board by four in governance overhaul
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller DB schemes 15 points less well-funded with 'less robust' risk management
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
Longevity 14: CDC urged as solution to demographic challenges and 'insolvent' state system
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.