Industry

Pledge was made during discussions on reform to the Solvency II framework

Chancellor provided no update on the Pensions Review and no clarity around AE

Up from 3.4% in May

Research proposes simpler alternatives

Organisation said the industry must ‘fully understand’ terminology and implications

The pledge will commit employers to prioritise net returns, not just cost

Firm’s survey finds 59% favour such measures over deferred small pots and VfM

Pensions board chair says frameworks need to be reviewed, suggesting a roadmap

Second monthly decline in a row, but lower than April's 0.3% decline

Annual report shows 9.9% five-year returns for 2045 growth phase fund