The typical member of a large defined contribution scheme will amass a retirement pot 28% bigger than a saver in a small scheme making the same contributions, the NAPF says.
The National Association of Pension Funds is to attend individual party conferences this autumn under the banner ‘How to get Britain saving', to ensure pensions remain on the political agenda.
Jack Jones examines an underwhelmed industry's response to the DWP’s plans on small pots.
Two thirds of pension experts believe the government should consider creating a simple default option for annuity purchases.
The industry must automate the decumulation phase of defined contribution schemes, National Association of Pension Funds chief executive Joanne Segars says.
Rachel Dalton examines the industry response to the guidance.