The proportion of employees earning the legal minimum wage could double over the next five years as the national minimum wage (NMW) increase comes into effect.
Today sees the NMW rise to £6.70 per hour for most workers. This will be followed by the introduction of the government's national living wage in April which will take it to £7.20 for those aged over 23....
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.