National retirement income targets are needed to help savers understand whether they are putting away enough money for old age, the Pensions and Lifetime Savings Association (PLSA) suggests.
With more than three-quarters (77%) reporting to the trade body that they do not know how much they need in later life, the trade body said national targets could provide more "tangible" aims for savers,...
Members of the Pensions and Lifetime Savings Association (PLSA) have given a green light to changes to the trade body's constitution and articles of association.
The newly-appointed chairman of the Pensions and Lifetime Savings Association (PLSA) has pledged to "open up" the organisation in a bid to improve policy development.
The Department for Work and Pensions (DWP) has suggested its forthcoming white paper on defined benefit (DB) provision will only show the direction of travel on consolidation, rather give than a definitive answer.
A raft of consultations and draft regulations will greet the industry over the coming weeks and months, the pensions and financial inclusion minister confirms.