Retirement risks | Should employers reconsider 'lifestyling' strategies in workplace pension plans?

When you joined your most recent employer, did you make any choices about your workplace pension scheme?

Chances are, you elected instead to follow the default, unaware of the options or choices available to you.

Even if, perhaps, you’re one of the minority of people who prefer to call the shots on their future savings, the uncomfortable reality is that your business is probably failing to provide employees with adequate support to make informed choices about their pension.

In recent times, one investment strategy within workplace pension schemes - ‘lifestyling’ - has drawn particular scrutiny from pension experts who recommend employers review their plans and encourage more empowered employee decision-making.