UK - The government is ignoring evidence about the effects of the Inland Revenue's proposed £1.4m lifetime pensions limit because the truth is politically unacceptable, experts claim.
Society of Pensions Consultants president Donald Duval said that if the limit increased in line with prices, it was very likely that average earnings would rise faster.
And Duval said that if this was the case far more than 5000 people – the government’s estimate – would be hit by the cap.
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).