This week's top stories included the Trades Union Congress calling for collective defined contribution schemes after finding a bad year of investment performance a year before retirement can leave savers £5,000 a year worse off.
Also, Hymans Robertson research found master trusts are taking too much risk in the run-up to retirement, while the Bank of England raised interest rates to 0.5%, the first rate hike in over a decade....
Professional Pensions is delighted to confirm the Women in Pensions Awards 2020 will be presented at a virtual ceremony on 25 November.
The lifetime allowance is set to rise to £1,078,900 from April next year in line with the 0.5% inflation figure.
The UK has continued to struggle against its peers in an international analysis of pension systems due to continuing concerns over adequacy and sustainability.
Just one in six (16%) of schemes believe the Covid-19 pandemic has weakened their sponsor’s ability to support them in the long term, research by Willis Towers Watson finds.
Have your say: Should members be allowed to access their pension early to 'borrow' a deposit for buying a house?
In this latest Pensions Buzz we want to know whether you think savers should be allowed to access their pension early in order to buy a house.