Employees fear having to postpone retirement
A majority of workers are concerned they will have to work for longer due to a deficit in their retirement savings as a result of the cost of living crisis, research by Wealth at Work has shown.
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A majority of workers are concerned they will have to work for longer due to a deficit in their retirement savings as a result of the cost of living crisis, research by Wealth at Work has shown.
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So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download Find whitepapers