Charlotte Moore looks at industry efforts to why improving members' financial wellbeing and retirement planning is crucial in a crisis situation.
FTSE 100 employer contributions to defined contribution (DC) schemes have increased from an average of 6.4% in 2018 to 7.1% this year, according to Willis Towers Watson.
Master trusts are increasingly becoming the defined contribution (DC) vehicle of choice for FTSE 350 companies as they ditch trust-based schemes.
Consultancies and fund managers are undertaking a massive expansion of their defined contribution teams in a bid to meet client demand ahead of auto-enrolment, PP can reveal.
Towers Watson has continued the expansion of its defined contribution consulting team with three key appointments.