The introduction of a flat-rate £144 per week state pension will reduce pay-outs for the vast majority of the population in the long run, according to a respected think tank.
The Institute for Fiscal Studies welcomed the simplification of the state system but warned the reform will not boost entitlements across the board. It said: "It is important to be clear that while...
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).