Jason Green: What's next for workplace pensions?

Secondary market competition

clock • 3 min read

With 10 million employees now involved, auto-enrolment is undeniably a success and yet for it to continue to be so, writes Jason Green, it is imperative employers ensure they have the right pension provider for their staff

To all intents and purposes, auto enrolment has now finished, as the majority of employees have now been staged. This does not mean the end of workplace pensions however, as 2019 should prove a very interesting year. That is because pension providers will be focusing their efforts on retaining existing clients and competing in the secondary market to grow their assets. Many employers who have had an auto enrolment pension for the last six years will have accumulated a sizeable pension pot that will now be attractive for many competing providers' attention. It is my understanding there...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

How retirement planning has transformed over the past 50 years

How retirement planning has transformed over the past 50 years

PPI report looks at the move from predictable pensions to personal responsibility

Jonathan Stapleton
clock 21 November 2024 • 3 min read
Act now: Planning for retirement is a concern for today

Act now: Planning for retirement is a concern for today

'Don't wait until tomorrow to think about retirement'

Andrew Tully
clock 20 November 2024 • 4 min read
Government publishes Pensions Investment Review interim report and launches DC and LGPS consultations

Government publishes Pensions Investment Review interim report and launches DC and LGPS consultations

Report published as Reeves delivered inaugural Mansion House speech

Jonathan Stapleton
clock 15 November 2024 • 4 min read