UK - The Conservatives will raise the value of the state pension and reverse the spread of means-testing if they win the next general election.
Work and pensions spokesman David Willetts said the party would give individuals £364 a year more in basic state pension and take a quarter of people off means-tested benefits by 2006.
Willetts told the right-wing think-tank Politeia: “We believe we can take at least one million off means-tested benefits. We will achieve this by raising the basic state pension in line with earnings during the course of the next parliament.”
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.