The UK’s pension system has “major risks and/or shortcomings” which need to be addressed to improve its sustainability, according to the Melbourne Mercer Global Pension Index (MMGPI).
Automatic enrolment (AE) needs better marketing to ensure that opt-out rates do not increase in the years ahead, the pensions minister has said.
Labour has called for the lifetime ISA (LISA) to be delayed until 2018 in a stark warning about the potential consequences for auto-enrolment (AE).
Only 16% of defined contribution (DC) savers are saving enough to maintain their standard of living in retirement according to Aon Hewitt.
Auto-enrolled employees will be putting aside £8bn of savings for retirement by the 2019/20 financial year, according to the Department for Work and Pensions (DWP).
The number of small and medium employers missing their auto-enrolment (AE) staging date increased in the third quarter, according to data from Aviva.
The UK has been knocked out of the world's top 10 pension systems, after Chile climbed up the table five places from 14th last year.
Savers should be able to use their nest eggs to buy a home, according to pensions minister Richard Harrington.
People born in the 1980s are now more likely to be members of a pension scheme than those born a decade earlier, according to the Institute for Fiscal Studies (IFS).
More than a third of workers have been auto-enrolled but coverage is uneven across the country and people still do not understand pensions, according to two surveys.