Industry has broadly welcomed the FCA’s consultation on the value for money framework
Cushon’s Steve Watson delves into the government’s call for evidence
Majority of savers cite importance of employer contributions to boost retirement income
Cushon is calling for government and industry reform to help people build up savings
Scheme aims to help young university employees begin saving for their future
Draft rules comes as part of ‘Legislation Day’ ahead of Finance Bill 2022/23
Almost all (92%) employers would consider setting up a workplace savings scheme in addition to a pension in light of recent market turmoil caused by Covid-19, Cushon finds.
Workplace scheme providers’ lack of “new and progressive products” is to blame for continued low engagement with pensions despite the success of auto-enrolment (AE), according to Cushon.
Almost all employers are now facing challenges when providing their staff with a workplace pension, according to Smarterly.
The majority of employers in the UK do not believe pension providers are doing enough to offer progressive products for the modern workforce, according to Smarterly.