REBA Co-Founder and Director Debi O’Donovan explored the key trends that have shaped current pensions policy and that will drive defined contribution (DC) pensions in the future, in a state of the nation talk at REBA’s Future of Pensions Summit on 21st September 2023.
“There are still disparities in pensions. While auto-enrolment has been a fantastic start, on average values are just not big enough and won’t give private sector DC savers what they need in the future.
“DC assets are predicted to be £1trn by 2030 – every pension provider, consultant and expert is aware of the enormity of that figure. What will providers and consultants need to tell employers in the future and what will employers need to bear in mind with that much money coming through pensions?
“One important question is what is value? There are good schemes in the market today from a value for money perspective, but not for all plans and schemes.”
Watch the video to find out more about insights and key industry trends affecting the future of the pensions market.