Four in five members of UK pension schemes do not know how to utilise savings pot for retirement, according to research by MFS Investment Management.
The Association of Consulting Actuaries has proposed a 'national flexible ISA' and tax reform to improve intergenerational fairness. Kim Kaveh looks at how these would work
Retired households are increasingly relying on private pension provision for income, but there is a huge gap between the rich and the poor, Office for National Statistics (ONS) show.
After the government's auto-enrolment review found 12 million people were under-saving, Jonathan Stapleton says changes are needed to ensure young workers can afford to retire.
Legal & General (L&G) has been selected as provider of HM Civil Service's defined contribution (DC) schemes after a competitive tender process.
George Currie says policy-makers and industry stakeholders must find ways to help the 12 million people who are under-saving for retirement
Members should have access to good guidance for DB transfers to limit potential issues and improve member outcomes, writes Kim Kaveh.
Greater flexibility in how retirement savings can be used is key to renew 'social contract' between generations, the Association of Consulting Actuaries (ACA) has said.
Some 88% of active defined contribution (DC) members remain in the default fund, latest Pension and Lifetime Savings Association (PLSA) research reveals.
Steve Webb says a Resolution Foundation report offers a surprisingly positive outlook for incomes of future pensioners, but warns we are not out of the woods yet
Over a third (37%) of 50- to 75-year-olds are unsure when and how to access their pension, Old Mutual Wealth and YouGov research reveals.
The Hymans Robertson Staff Pension Plan's governance committee has taken various steps this year to improve member experience, writes Michael Klimes
British Airways is set to close the New Airways Pension Scheme to future accrual and launch a flexible benefits scheme incorporating a new defined contribution pension scheme.
Defined contribution (DC) savers face lower costs and charges after providers made a concerted effort to reduce these to less than 1% over the past two years.
Just one in five (20%) millennials say saving to secure a desired retirement lifestyle is a top savings priority, according to a Pension and Lifetime Savings Association (PLSA) study.
Fewer than half (44%) of employers oppose increases in minimum automatic enrollment (AE) contributions above 8%, according to an Association of Consulting Actuaries (ACA) study.
The Pensions Regulator (TPR) will authorise and supervise defined contribution (DC) master trusts under a planned regime which will "strike the right balance" between member security and scheme burdens.
Around eight in ten savers between 50- and 64-years-old have underestimated their life expectancy, potentially leaving them with a shortfall in retirement.
The government needs to take "decisive action" and make provision for collective defined contribution (CDC) schemes, the shadow pensions minister has argued.
The Work and Pensions Select Committee has launched an inquiry into the merits of collective defined contribution (CDC) pension schemes, and the potential role they could play in saving for retirement.
There have been calls to extend salary exchange rules to lower-paid earners. However, Kim Kaveh finds it would be very complicated and could cause problems for members
Now Pensions has invested approximately £65m worth of green bonds through its diversified growth fund (DGF).
There has been a huge rise in the number of DB to DC transfers since 2015. Stephanie Hawthorne looks at how demand is changing and what these changes mean for schemes.
Universities UK (UUK) has proposed ending future accrual of defined benefit (DB) promises and transferring members to the existing defined contribution (DC) plan.