INCOME from occupational pension schemes is falling while the number of pensioners living in severe poverty is on the rise, government statistics show.
Pensions minister Mike O’Brien – replying to a question from Conservative work and pensions spokesman Chris Grayling – revealed the average income per couple from occupational pensions was £192 per week...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
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).