Nearly half (45%) of defined benefit (DB) members approaching retirement do not feel informed enough to decide whether to transfer their pension, a survey has revealed.
Meanwhile, 29% of respondents said they would not seek advice about transferring their pot to a defined contribution (DC) fund, according to a report published by LV=. Over a third (34%) said they do...
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.
Universities UK (UUK) has suggested a collective defined contribution (CDC) scheme could be a replacement for the defined benefit (DB) element of the Universities Superannuation Scheme (USS).