Pensions expert flags DC pension expansion as a huge opportunity for IFAs

clock • 4 min read

The latest annual OECD global pension report into retirement funding highlights the degree to which the UK trails other nations in terms of occupational pension scheme contributions, says Christine Hallett, CEO of Milton Keynes-based Options For Your Tomorrow. While Denmark, Chile, Iceland, Israel, Switzerland and Colombia are among a number of countries that demand a mandatory contribution level of at least 10%, the UK's minimum contribution level is two percentage points lower. The decade-long rise in direct contribution [DC] workplace pension participation has been impressive, increas...

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