The 1st October 2017 saw the 5th anniversary of the introduction of auto-enrolment (AE). During that time, millions of new savers have joined Group Personal Pension schemes. Most of these savers are now investing their monthly retirement savings in that scheme’s default fund.
While employers may think there’s little to choose between providers default offerings, our research proves this is not the case. In fact, when it comes to providing benefits to their employees, ensuring they are offering the right default fund is probably the most important decision employers will ever make.
Watch Head of DC Investment Consulting Maria Nazarova-Doyle talk about the implications of choosing the right or wrong default fund: