Raising the state pension age (SPA) alone will not address challenges caused by an ageing population, according to the Centre for the Study of Financial Innovation (CSFI).
The government is set to increase the SPA to 66 this year, 67 by 2028 and 68 by 2037-39, to balance pension finances, while maintaining the aim of people spending up to one third of their adult life in...
Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering
Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.
Guy Opperman says two page, simpler statements as well as an annual ‘season’ in which to issue them could be transformative steps for the UK pensions industry
A second pensions bill is likely during the “life of this parliament”, according to pensions and financial inclusion minister Guy Opperman.
A “legitimate debate and discussion” is needed over future auto-enrolment (AE) contribution rates, says Guy Opperman, and that could take place next year.