Michael Buerk’s latest TV show – Britain’s Great Pension Crisis, the first episode of which was broadcast at the beginning of the month – revealed just how poor the average person’s understanding of pensions is.
As Buerk pointed out, one in five Britons save nothing for their retirement and 80% of the country has no real idea of how much to put away in order to achieve a comfortable retirement. One illuminating...
The number of savers using information or guidance services such as Pension Wise is barely higher than three years ago despite efforts to promote the benefits, the Financial Conduct Authority (FCA) says.
This week’s top stories included Capita’s sale of its employee benefits business, while research from the Association of Consulting Actuaries found little support among employers for multiple pensions dashboards.
In a year of exceptional circumstances and getting to grips with new technology, the trustee meeting must go on – but not always to plan.
The onset of the pandemic dented asset valuations but it will take time to understand the true cost for defined benefit (DB) schemes.