The People’s Pension has strengthened its responsible investment policy – setting out its expectations for the climate change, nature and human rights impacts of its investments.
Offers of cash incentives make people ignore the fine print and switch their pension to a worse option, latest research from People’s Partnership and the Behavioural Insights Team (BIT) shows.
When the chancellor told parliament in November that he would consult on the idea to allow defined contribution savers to have one pot for life, it signalled the start of an intense industry-wide debate.
The People’s Pension says it has given back a total of £50m to its members over the past four years through its annual management charge (AMC) rebate structure.