Ensuring best value in retirement

There are currently over five million people saving for their retirement in defined contribution (DC) pension schemes, either using an individual arrangement or via membership of an occupational DC scheme. Given the decline of occupational defined benefit (DB) schemes, DC scheme membership has swelled in recent years and this trend is likely to continue with most employers looking to automatically enrol their staff into schemes from 2012. One impact of moving from DB to DC schemes is that the member is now taking a much greater responsibility for their retirement savings. Preparing...