Defined Contribution

Pot follows member ensures money keeps moving to those with altruistic reason to manage it well

2022 was a difficult year for some UK pension schemes, with the LDI liquidity crisis  causing many trustees to scramble for liquidity to meet margin calls.

The way people take money from their pension has changed, so we now need to pay as much attention to the spending phase as we do to the saving phase. What are we doing to turn pensions into a complete retirement strategy?

Number of pension pots with less than £1,000 increased by 32%

44% of Buzz respondents positive on the impact of consolidators on the DC sector

Global pension assets declined by 16.7% last year, with the UK pensions market in 4th place

Hymans Robertson says allocations to private equity can improve DC outcomes by over 10%

Reports say break-up centred on design changes and deadline extensions

Aon survey also finds one in six have seen increase in requests to access savings early

TPR has been urged to simplify the draft DB funding code to avoid burden on schemes