Pension auto-enrolment – how much of a success?
- Muirhead Tower, room 122
- Lectures Talks and Workshops
Speaker: Dr Paul Cox, Senior Lecturer of Finance, The Department of Accounting
The major development in the retirement savings sector in the past two decades has been that more people than ever are members of defined contribution pension plans. The rapid overtake of the number of active defined benefit (DB) savers by active defined contribution (DC) savers has come about by the closure of DB pension funds and encouragement from employers and the State to enrol people into DC funds. In the UK 90% of people contributing to pension funds now do so into DC plans. This seminar takes a critical look at the performance of workplace pensions auto-enrolment, some numbers, and some costs. The seminar will suggest that simply having a DC pension plan is not enough to meet the challenges from demographic, market, and policy change. If we only focus on the signs of success from auto-enrolment we risk overlooking the increased the level of risk people with DC savings face at and during retirement.
If you would like to attend, please email Helen Harris – firstname.lastname@example.org