The tenth annual Scottish Widows Retirement Report will make welcome reading at Westminster. The survey finds that more people are saving an adequate amount for retirement, and says the improvement can be almost wholly attributed to auto-enrolment.
There is still plenty of room for improvement, with fewer than one in five people claiming to fully understand the options open to them. A similar percentage is also making no provision for retirement...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.