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.
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.