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...
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People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).