Asset Management

UK pension changes to create £4bn opportunity for asset managers

Lowering the age and minimum earning level for workers to enrol into a pension should give a boon to the fund management sector

UK pension changes to create £4bn opportunity for asset managers

Proposed changes to the UK pensions system, which include automatically enrolling 18-year-olds into a workplace pension for the first time, is expected to generate £3.8bn a year in additional contributions — a potential revenue boost for asset managers with long-term savings products.

The Department for Work and Pensions today unveiled plans to review the current system for automatic enrolment by the mid-2020s.

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