GLOBAL - Over a third of savers think governments should do more to enforce private savings for retirement, while a quarter feel working longer is the key, according to research by HSBC and the University of Oxford.
Two thirds thought governments should do more to play a significant role in helping people in retirement, but three quarters of people did not think this would happen, the survey found.
Just over one in ten (12%) felt the solution to retirement security lay in governments raising taxes. In Sweden, this approach was seen as the most important government role, with a third of respondents (33%) supporting it.
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.