Some 96% of retired households had disposable incomes of over £10,000 by the end of the 2016 financial year (FYE), a significant rise from just 21% in 1977, according to the Office for National Statistics (ONS).
Its data showed the mean gross income of retired households, which includes cash benefits but before direct taxes, was £29,000 in FYE 2016 (April 2015 to March 2016), almost three times higher in real...
Kim Gubler says it is time that schemes and administrators reassess SLAs and look at what real people need from their pension schemes and when
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.