UK - Over two-thirds of future pensioners think the state pension will only be available for the poorest pensioners when they retire, a survey by Brahm Research and Cicero Consulting shows.
The research and public policy specialists also found that more than 80% of savers aged 20-45 felt they would have a sufficient amount in retirement – but that as many as 45% were not aware of their likely retirement income.
Additionally, 75% of this age range support compulsory pensions savings and 45% thought reducing the state pension would encourage people to save more.
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).