Budget cuts in the basic rate of income tax were driven by the government's plans to introduce a national pension savings scheme, Standard Life claims.
The pensions provider said the new basic rate tax rate of 20pc fitted in “perfectly” with the contribution structure for personal accounts – 3pc from employers, 4pc from employees and 1pc through tax...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.