More employers are regularly engaging with their workforce around retirement planning and future proofing their finances, offering an opportunity for the financial advisers who partner with them.

Pension and investment provider Aegon has launched a new app for workplace pension members, which it claimed will help people engage with their money and navigate key financial moments.

One in ten (9.9%) of new savers opted out of pension contributions in the third quarter of the 2024-25 tax year, according to the latest statistics from the Department for Work & Pensions.

Two in five UK workers (43%) are unaware how much they are contributing to their workplace pensions.

Aegon UK has added three long-term asset funds to its largest workplace pension default fund, the Universal Balanced Collection.

Scottish Widows’ £60bn default workplace pension fund, Pension Investment Approaches (PIA), is to transition to a new default offering with a higher exposure to equities and a shorter de-risking phase.

Retirement specialist Aegon has launched a new initiative for workplace pension members to allow them to give loved ones access to the scheme price benefits when they take out an ISA. 

Fidelity International is to add private assets to its £16.9bn default investment strategy for UK workplace pension schemes.