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.
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.