The Muslim community currently makes up approximately 4% of the UK population. This is set to double to 8% over the next two decades. Yet the proportion of the estimated £500bn UK DC assets† invested in Islamic funds is a minuscule fraction of this amount. As pension scheme professionals should this matter to us and how can we help rectify the situation?
Auto-enrolment brings many challenges and opportunities, as well as an additional five to eight million individuals who will be saving more or joining a pension scheme for the first time. With an average age of only 28§, many of these new investors will be Muslims. They like many other inexperienced savers will be ideal candidates for the government’s new pension scheme, NEST………………………………………..Full Article: Source