There are now more active savers in UK DC pension schemes than in DB pension schemes, according to recent stats from the Pensions Policy Institute. They also estimate that in just 15 years there could be as many as 17 million members enrolled in DC workplace pension scheme.
There are now more active savers in UK DC pension schemes than in DB pension schemes, according to recent stats from the Pensions Policy Institute. They also estimate that in just 15 years there could be as many as 17 million members enrolled in DC workplace pension schemes*.
Based on current experience it is expected that typically around 80-90% of these members will ‘end up’ in default funds, which means for scheme managers and their advisers, ensuring that the investment default options available offer the most suitable investment option, is really important.
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*The Future Book: unravelling workplace pensions, 2015 Edition
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