UK - The Liberal Democrats have preempted the Government's Green Paper on pension reform.
The party favours scrapping the requirement to purchase an annuity at age 75 and the rules which prevent people drawing a pension from their employer while continuing to work for them on a part-time basis.
The party also calls for urgent action to end what it says is the undermining of occupational pensions caused by reductions in employer contributions, scheme closures and wind-ups.
It backs a general simplification of pension rules and measures to ensure those on moderate and higher incomes contribute into either a company or stakeholder pension.
Other areas of reform cover a study into pension rights for women and an independent pensions authority to report on an uprating for the state pension.
Separately, the Trades Union Congress said that it backed the Liberal Democrat stance on pensions.
TUC deputy general secretary Brendan Barber said:
The Liberal Democrats are to be congratulated for their serious approach to this policy area.
“In particular they have grasped the nettle of compulsion - the only long term solution to the pensions crisis - and recognise that employers, state and employees must all play their part in a new pensions partnership.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.