Steve Webb has called for the pensions industry to encourage people to ‘impulse save' alongside the more rigid auto-enrolment framework, to engage with younger generations.
Speaking at a National Employment Savings Trust Forum the pensions minister said: "I can't help wondering whether we've become terribly sober about pensions saving - it's got to be structured and advised...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.