UK - Insurers have set out a 10-point plan to avert a "full-scale pension crisis".
The Association of British Insurers launched its manifesto – Better Pensions for All – at a Labour Party conference fringe meeting.
- Reforming state pensions.- Allowing employers to promote schemes.- Considering tax incentives for firms that contribute to a pension scheme.
ABI director general Mary Francis said: “We need a long-term strategy and more action now to start the process of reform.
“We want to see a big push to promote pensions via the workplace, and to help employers to do more.”
The ABI also said research showed only 15% of the public trust the government not to let them down over pensions.
The poll – carried out by YouGov – also found only 4% of people were very confident they would have enough money to live comfortably in retirement.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.