View more on these topics

DC members missing out on £225m of employer pension contributions

Nearly 40 per cent of defined contribution pension scheme members are failing to take advantage of pension contribution matching from their employers to the sum of £225m per annum.

According to research by Xafinity Consulting, younger members of the schemes are the least likely to gain maximum employer contributions which Xafinity says indicates a degree of financial ignorance.

But the pensions consultancy also puts it down to low disposable income and Xafinity suggests that if members were encouraged to make lower matched contributions more employees may be encouraged to join the scheme.

Xafinity Consulting director Pat Wynne says: “Individuals need to be encouraged to think about the level of income they will require in retirement, making use of modeling tools to calculate how much and when to save, taking into account their attitude to risk and when they wish to retire. 

“This may in fact mean making contributions greater than the employer is prepared to match.”


Hedge hope?

A number of industry experts gathered at Money Marketing’s offices last week for a hedge fund roundtable and as you would expect the discussion produced as many questions as it did answers.

Bright Grey targets business protection

Bright Grey is set to enter the business protection market this autumn.It will initially concentrate on individual business protection, offering key person and executive cover, partnership insurance and shared protection, before moving into the group market at a later date.The UK has a business protection gap of £275bn, according to Swiss Re, as well as […]

Research reveals older people’s boost to economy

Older people in Britain contribute nearly £60bn a year to the economy, according to the HSBC Future of Retirement study.The study indicates that rather than being frail and in need of care, 75 per cent of people in their 60s feel in good or very good health.A total of 3.2 million people over 60 are […]

Magic numbers

Good news for the protection industry for once. After a slew of bad press in recent weeks, notably on Watchdog and in Which?, critical illness insurance came up trumps in the Financial Ombudsman Service’s annual review with a drop in the number of complaints received about the product.

Singapore cover image - thumbnail

White paper — Singapore International Insights

Jelf Employee Benefits assesses key trends within the international private medical insurance provision of organisations with employees in Singapore. Benefit structure, cost management and healthcare facilities are examined and key considerations are highlighted. This edition will be of particular interest to global human resource directors and benefit managers with local and expatriate populations in Singapore.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm