Aegon's ‘Changing Face of Retirement' report assesses the evolution of workplace pension saving and finds more advice at the office or factory is essential.
As workplace pension saving becomes the norm for millions – through auto-enrolment into mainly defined contribution set ups – the need for retirement advice is growing. The government expects 11 million people to be auto-enrolled into a workplace pension over the next four years. To start with contributions will be small and opt-out rates will take time to settle, but the shift to wide-scale use of “nudge economics” will see a growing need for both accumulation advice and at-retirement opportunities. But auto-enrolment is not the only shift in the retirement landscape of the UK. ...
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