Ten of The Pensions Regulator’s (TPR) codes of practice have this week been consolidated into a single code in a long-anticipated move that is set to radically overhaul the governance of workplace pension schemes.
Pension schemes today are investing in a time of elevated market volatility and disruptive ‘Black Swan' events. The crisis last year was predominantly focused on.
Progress on the government’s ongoing initiatives to encourage retirees to take financial advice or free guidance around pensions planning at the point of retirement is “patchy”, Just Group says.
The expected future living standard in retirement provided by defined contribution (DC) savings rose during the second quarter, latest analysis by Aon reveals.
Pension contributions drop 11% during first lockdown
‘Dramatic’ drop due to pandemic’s economic impact
Workplace DC pension contributions drop 11% during first lockdown
Contributions to workplace defined contribution (DC) schemes dropped 11% during the first national lockdown last spring, official data reveals.
Figures from the Office for National Statistics (ONS) showed employee contributions fell by 11% between January and March last year. Q2 (between April and June) was a similar story with an 11% employee.
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