Large falls in financial markets have the potential to seriously knock the confidence of defined contribution (DC) savers, undermining the strides that have been made in getting workers into plans. Volatility can play a critical role in how workers perceive their savings and, indeed, how they react over the longer term.
SSGA’s 2014 DC Member Pulse Survey* highlighted a not entirely surprising degree of aversion to sudden falls in pension savings.
Among Irish members...
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