Steve Webb, director of policy at Royal London, tells Morningstar senior editor Holly Black why it's never too early to think about retirement
Five years ago it had 347 participating employers and 80,000 members, and £3.8m of assets under management.
As such, digital capability and education is one of the most sought-after features, reflecting wider trends in employee engagement and communication.
Most people would say that only the rich could mislay £13,000, but it seems anyone can forget when it comes to pensions,” says Ian Browne, pensions expert at Quilter.
Some are the key players taken under coverage for this study are SS and C, Fiserv, Broadridge, FIS, Profile Software, Temenos, SEI Investments, Investedge, Finantix, Comarch, Objectway & Dorsum.
Aegean also note that for those saving into a typical workplace pension, the amount that is required is only actually half of the figure - due to employer contributions as well as government tax relief boosting savings
South East Water also revealed that it has secured funding to replace £311m of debt which matures on 30 September 2019, including £175m from US insurance companies and pension funds in the form of a private placement.
“There are many, many, people living on the pension that live below the poverty line and we shouldn’t forget them too, they have no money in these accounts.”
The annual allowance is a limit to the total amount of contributions that can be paid to defined contribution pension schemes and the total amount of benefits that you can build up in defined benefit pension scheme each year, for tax relief purposes.
The Central Bank report itself said that the low 35 percent response rate, with just 49 out of 140 existing and potential pension plan sponsors responding, “underscores the importance of concluding and activating the regulatory framework for private