Low-paid workers who are likely to opt-out of auto-enrolment could be offered a pensions lifeline via a little-known clause in the legislation that permits companies to offer employees schemes with lower savings requirements, Helm Godfrey says.
The employee benefits consultant said auto-enrolment rules will mean all employers will have to provide a pension scheme into which, by 2018, contributions equal to a minimum of 8% of enrolled employee's...
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 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.
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.