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25th September 2019

Retirement savers missing out on higher returns says new report

Savers in defined contribution pension schemes are missing out on higher returns due to a lack of investment in some of the UK’s fastest growing and most innovative companies reveals a new report.

Retirement savings for the average 22-year old could be increased by as much as 7-12 per cent if schemes made a small allocation to venture capital and growth equity funds. This is according to The Future of Defined Contribution Pensions, a new report published by the British Business Bank and global management consultancy, Oliver Wyman.

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