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.
A suite of liability driven investment (LDI) indices has been launched by STOXX and RiskFirst to aid trustees and consultants select, monitor and challenge managers.
British Airways and the trustees of one of its pension schemes are set to argue over the purpose of a pension scheme, leading to an impactful judgment for DB pensions. James Phillips explores the issue
Bank of England governor Mark Carney has said there is still a lot of data to consider before the Monetary Policy Committee (MPC) can decide when to next hike interest rates.
Savers are not squandering their tax-free lump sums under Freedom and Choice but are taking a more cautious approach to retirement, according to Prudential research.