The first data released from the 2011 census has confirmed there is a huge increase in people expected to reach traditional retirement age over the next few years.
The statistics, published yesterday, also showed a large rise in the numbers of very old people, with a 30% increase in men over 80 and an increase of more than 50% in men over 90 compared to ten years...
Defined benefit (DB) pension scheme sponsors issued 249 profit warnings last year, 90% of which were specifically related to the coronavirus pandemic, according to EY.
“Mounting red flags of financial stress” have meant almost two-thirds of listed companies with defined benefit (DB) schemes have issued profit warnings this year, EY says.
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
Trustees are set to have an increased duty of care to ensure employees and members make informed choices when accessing their pension, according to Wealth At Work.