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Millions of workers set to face life changing retirement shortfalls

So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download Find whitepapers

Low rates set savers up for big pension disappointment

‘The industry needs to step up and do better to help investors be realistic’ The fall of long-range forecasts for real returns on money invested in pension funds will have a significant impact on savers. A joint report by LCP and Interactive Investor (II) found that workers must contribute twice as much to their pots to get the same predicted sum as a decade ago. For instance, a typical saver who contributes 8% of their salary from age 22 would receive a pot forecast of £85,000 ($118,114, €97,790), based on calculations in 2017. But compare this example with 2007 and the forecast would have been £131,000, meaning that a decade ago someone entering the work force would have been £46,000 better off.

Striking differences found on investment pathways funds

Striking differences found on investment pathways funds - LCP Non-advised retirees must look under the bonnet Research from pension consultant LCP showed charges on investment pathway funds were proving to be relatively modest. Mark Battersby Retirees who are shunning annuities face a huge variety of product options, charges and investment performance when going down the investment pathway route which they need to consider carefully, according to research from consultants LCP. The regulator has become increasingly concerned about this non-advised group, in particular, the risk of people ‘sleepwalking into having the money sitting in cash, which has resulted in pension providers.

Green growth or greenwashing? Business leaders react to Rishi Sunak s 2021 Budget

Green growth or greenwashing? Business leaders react to Rishi Sunak s 2021 Budget
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