The Workplace Retirement Income Commission has heard the first set of evidence for its investigation into why the UK savings landscape is failing.
The open market option could be reformed "within the year" if government and industry get behind the process, the Pension Income Choice Association says.
Financial education beginning at school and ultimately spreading throughout the entire population would reinvigorate pensions and long-term saving, the Association of Consulting Actuaries believes.
The government has so far failed to meet its promise on entering office to reinvigorate occupational pension schemes, the Association of Consulting Actuaries says.
Sebastian Cheek asks the industry about the Workplace Retirement Income Commission
Lord McFall explains why the savings crisis is as important as the economic crisis
An independent commission, spearheaded by former Treasury Select Committee chairman Lord McFall, is to investigate why the UK pensions system is failing.