Concurrency - how your clients can now have their cake and eat it

By John Joe McGinley, Product Marketing Manager Individual Pensions, Scottish Life. Millions of workers in company pension schemes face an impoverished old age unless they increase their contributions according to a recent report from WM Mercer consultants. Money purchase schemes are particularly vulnerable, as the report outlines that many members may have to double their contributions to get the pension they expect. The report blames longer life expectancy, falling stock market returns, extra taxes on pension funds and low annuity rates for the shortfall. Prior to 6 Ap...