Aegon

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 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.

Independent Governance Committees (IGCs) have joined forces to better understand what value for money means for scheme members.

Nearly three-quarters (73%) of staff would welcome monthly pension checks during work hours according to Aegon research.

Pension professionals have welcomed the government's decision to keep the lifetime ISA (LISA) simple after a bill containing details of the saving vehicle was published.

Aegon has warned of a retirement shortfall for the bereaved as pre-retirees are increasingly not arranging for pension payments to go to their partners after death.

The success of freedom and choice will largely depend on the quality of advice and the number of people who receive it according to the industry.

The Treasury is seeking views on whether to allow defined contribution (DC) members to access their pensions before retirement to pay for financial advice.

Advisers and providers alike have attacked Bank of England chief economist Andy Haldane's suggestion that property is a better retirement investment than pensions.