REBA Thought Leaders: Sir Hector Sants, Chair of the Money and Pensions Service
REBA's Maggie Williams spoke to Sir Hector soon after the new Money and Pensions Service (MaPS) launched in April 2019. Listen in to find out what MaPS will mean for employers.
Selecting a workplace pension provider is more than just meeting auto-enrolment requirements. Employers who understand the default are more likely to provide solutions that help employees engage with saving and achieve better retirement outcomes.
Many workers approaching retirement do not have a clear understanding of what their pension will provide, raising concerns that they may be unprepared for the decisions they will face.
Career breaks undoubtedly impact pension savings. So how can employers use data and targeted communication to bridge the gap and protect long-term financial wellbeing?
Errors over DC pensions can undermine reputation and trust in a provider which is why it’s important to avoid triggering any unnecessary audits in the first place.
Performance fees for pension investments are not new, but their role in workplace pensions is evolving. As schemes increase their exposure to private assets, the focus is shifting from whether they exist to how they’re designed and disclosed.
