Round up - June 25

Forced opt-out of workers from pension face ban

Financial Times

Encouraging or forcing employees to opt out of workplace pensions will become illegal under new powers to be introduced as an amendment to the pensions bill, the department of work and pensions announced yesterday.

The Daily Telegraph

Employers are to be prohibited from offering higher salaries or cash bonuses to encourage staff to opt out of company pension schemes, the Government has announced.

Rising costs of living cut into pensions

Daily Mail

Middle-income pensioners will see all their disposable to retirement income swallowed up by the basic costs of living within 20 years of retiring, industry experts are warning.