Some 88% of active defined contribution (DC) members remain in the default fund, latest Pension and Lifetime Savings Association (PLSA) research reveals.
The trade body's 43rd annual survey - conducted among 176 of the PLSA's fund members between 5 June and 28 July - found the range of choice on offer to members was still high, with schemes reporting a...
This week's top stories included an article on how the government will have to justify proposed changes to the state pension age after a Prospect petition secured over 12,000 signatures.
Smart Pension failed to report the fact it had not collected or invested nearly £900,000 of pension contributions on behalf of its members, an investigation by The Pensions Regulator (TPR) has found.
The Pension Scams Industry Group (PSIG) has updated its voluntary code of practice in a bid to help prevent members falling victim to evolving pension scams.
The government has rejected the Work and Pensions Committee proposal to introduce a 'default decumulation pathway' at retirement.