Pensions minister Steve Webb has highlighted the need to develop a strong State pension to help people build up a decent level of retirement income. Speaking at the ABI Savings and Protection conference on 13 July the minister outlined his commitment to change saying that "a strong state pension is the foundation for the modern pensions world especially as we move towards a defined contribution market."
Webb claimed the basic state pension had been in decline for thirty years and that restoring the link to earnings would provide a real boost for savings year on year. He added that the increased cost...
The Department for Work and Pensions (DWP) will develop and test new ways to include 4.8 million self-employed workers in pension savings.
Opt-out rates at the end of June 2018 "remained consistent" with levels before the April contribution rate increase, according the Department for Work and Pensions (DWP).
The Pensions Regulator (TPR) has appointed Charles Counsell as its new chief executive, who will take over from Lesley Titcomb next year.
The Financial Reporting Council (FRC) should be abolished and audit and advisory businesses should be split into separate entities to improve the sector for both savers and investors, two reports published today say.