Scheme membership reached 28.8 million in 2023, up from 2.3 million in 2012
LCP says industry must ‘crack the code’ to unlock the full potential of the DC sector
LCP says further changes to LTA rules could disrupt members’ retirement plans
Fall in life expectancy ‘inevitable’ unless changes to the CMI model are made
While buyout is still viewed as a gold-standard, many are now considering run-on as an option
Consultancy says government’s plans to tackle small pots are ‘complex’ and ‘expensive’
Providing schemes access to surpluses could be of ‘great benefit’ to sponsors and members
Firm’s survey found just 39% have a ‘project plan’ in place for dashboards
Industry warns of ‘bleak future’ as FCA unveils 2022/23 retirement income market data
Consultancy says TCFD reports must not be reduced to ‘tick-box’ compliance exercise