A think-tank has urged politicians not to change legislation to enable early access to pension pots.
Unfunded pension promises made to past and present UK public sector workers now amount to £993bn, Towers Watson calculations reveal.
UK - Unfunded pension promises made to past and present UK public sector workers now amount to £993bn (US$1.5trn), Towers Watson calculations revealed.
Calculation of the Pension Protection Fund levy should be changed so schemes can rely on specific estimates for a number of years, a steering group recommends.
UK - Calculation of the Pension Protection Fund (PPF) levy should be changed so schemes can rely on specific estimates for a number of years, a steering group recommended.
Why government should issue longevity bonds; Callers swamp pension helpline
Pensions minister Angela Eagle has backed the concept of early access to pension pots but says the process could be fraught with difficulties.
Government moves to overhaul the section 75 debt regime have fallen short of industry expectations and have been branded a disappointment by employers.