Auto-enrolment has proved a great success in its first five years, says Chris Knight, but the financial services sector has much work to do to ensure Britain's workers actually end up enjoying a comfortable retirement.
Five years on from its implementation and nearly 10 years since it was first mooted in 2008, more than 10 million people are expected to be newly saving or saving more into workplace pensions by 2020....
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.