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More than a quarter of workers with a defined contribution (DC) pension have never logged in to check their pension online or on their phone (28%) - a figure
More than a quarter of defined contribution (DC) savers have at no time researched how much they have saved into their pension, findings from Barnett Waddingham show.
Government plans to create a “pot for life” for employees have been met with apprehension from the pensions industry.
Pot for life proposals will be ground-breaking and signal a shift from “employer choice” to “member choice”, the industry says, but what does it mean for industry and how far will it go.
Pot for life proposals will signal a shift from “employer choice” to “member choice”, but what does it mean for industry and how far will it go?