Hugh Nolan believes members struggling with increased auto-enrolment contributions should be offered a chance to opt back down to the previous level rather than making it an "all or nothing" choice.
Some 235,000 employers have enrolled their staff in a workplace pension and over 6.6 million people are now in these schemes. So far, so good on auto-enrolment! This success strongly supports the nudge...
This week's top stories included analysis suggesting the British Steel Pension Scheme could have a £2bn surplus, while the Treasury removed its controversial MPAA cut from the Finance Bill.
Members of master trusts will see greater protection as new rules for an authorisation regime and capital adequacy have been signed into law.
Royal Mail has offered its employees a cash balance defined benefit (DB) scheme as a compromise for closing its current career average DB scheme to accrual.
The question of the state pension age will not be answered before the snap general election, the Department for Work and Pensions (DWP) has told PP.