The defined contribution (DC) pensions market will rocket to six times its 2012 value of £276bn assets under management (AUM) by 2030, according to the Pensions Institute (PI).
In its latest report the institute said the DC market would be worth £1.7tn within the next 16 years. Report author and visiting professor at the PI at Cass Business School Debbie Harrison (pictured) said: "The stakes are high and the battle to secure market share between now and 2018 is going to be bloody. "The government and regulator must ensure that in a market where competition is weak, due to lack of expertise of smaller employers, then the schemes that emerge as victors do so because they offer genuine member value for money." The report said the auto-enrolment (AE) market w...
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