UK - An independent pensions authority must be set up to supervise relationships between employers, employees and the government, according to Help the Aged.
The pressure group believes a new independent pension authority could simplify the array of occupational and personal pensions and fix contribution rates for employers and employees so that an average working life produces a second pension worth about 35% of average earnings.
It adds that the authority should undertake ongoing research into an appropriate level for a decent, basic state pension – which Help the Aged believes would be 25%.
Head of public affairs Mervyn Kohler said: “It is time to get real about pensions. The issue has become too important to be left to politicians, individuals, employers or the industry.”
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
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