Pension providers berated over lack of product innovation

A survey from the savings and investments platform provider released today (7 January) showed 87% of employers will look to review their pension provider in 2020. This follows 65% of responding employers agreeing that the pensions market is "crying out" for fresh ideas and innovation that supports an ever-changing workforce. Despite a raft of changes and developments across the pensions industry since 2000, Smarterly head of proposition Steve Watson said innovation has stagnated and products have remained largely the same for two decades. "With employers now legally obliged to enro...