A 35-year-old joining a defined contribution fund today could have to contribute more than ten times the amount of his colleague in a defined benefit scheme to get the same outcome.
That statistic, from Pension Corporation, equates to 55% of gross salary for the DC member – which last year, for someone on average wages was £14,000. However, the DB member would have to put just 5.1%...
Here are key takeaways from our 2019 Asset Allocation Outlook on how we are positioning asset allocation portfolios in light of our outlook for the global economy and markets.
This week's top stories included a Freedom of Information request revealing more than 100,000 savers could face six-figure tax bills as a result of GMP equalisation.
The Pearson Pension Plan has entered into a £500m pensioner buy-in with Legal & General (L&G) in the insurer's first deal of 2019.