The Department for Work and Pensions (DWP) has revised down its opt-out rate estimate for auto-enrolment (AE) from 30% to 15%.
DWP said that nine million people will start saving for retirement or increase their pension contributions due to AE, compared to previous forecasts of eight million. Pensions minister Steve Webb said:...
Jonathan Stapleton explains his fascination with numbers...
Phoenix Group has laid down a proposal to acquire rival life insurer ReAssure Group in a £3.2bn cash and shares deal.
This week’s top stories included KPMG selling its UK pensions practice to private equity-backed firm NewCo.
KPMG has signed a conditional agreement to sell its UK pensions practice to private equity-backed firm NewCo.
The Pensions Regulator’s (TPR) enforcement actions increased by more than a quarter over the last year but the recovery rate against all recoverable debt sat at just 30%, according to law firm Clyde & Co.