Some 22% of savers in defined contribution (DC) schemes do not believe managing investments in pension schemes is their responsibility, research from AllianceBernstein shows.
The asset manager and target date fund provider's research, of 500 DC savers, said the research shows endpoint sensitivity investment strategies can sometimes be unsuitable. In addition, the research...
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
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.