NEST: Hybrid DC 'rainy day' products with early access options can help low earners

Michael Klimes
clock • 2 min read

The National Employment Saving's Trust (NEST) says hybrid products could help defined contribution (DC) savers on low incomes weather financial shocks better.

A paper published today by the master trust cited evidence that 26% of working age adults have no rainy day savings and that only 42% have £500 or more on hand. It argued a "sidecar model" - whi...

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