Potential loss of means-tested benefits for 5% of personal accounts savers is "unacceptable" but must not overshadow the positive aspects of auto-enrolment, B&CE Benefit Schemes says.
Deputy chief executive John Jory told PP even 5% of auto-enrolled savers losing out was an unacceptable situation. However, his biggest fear is some of the 95% who would benefit from the 2012 reforms will...
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).