Auto-enrolment

John Cridland has been appointed to lead an independent review of the State Pension age.

Recent Royal London research showed people may need to work until their 80s to secure decent retirement incomes. Helen Morrissey says contribution rates need to be raised sooner rather than later.

The biggest stories on PP this week were warnings that decent retirement could mean working until age 85, and the risks to members from pooling the Local Government Pension Scheme (LGPS).

Pensions will still be the most effective way to save even if higher earners get less tax relief under the chancellor's expected reforms, according to the Institute of Fiscal Studies (IFS).

The majority of employees who contribute up to 5% of earnings into pensions face a significant gap between their actual and desired retirement income according to Punter Southall Aspire.

Legal and General Investment Management (LGIM) is boosting its auto-enrolment (AE) proposition for small businesses by offering an end to end solution for companies yet to stage.

Seven in ten (70%) employers are being financially squeezed by auto-enrolment costs according to a report by the Chartered Institute of Personnel and Development (CIPD).

Jane Fuller looks at the issues around tax relief.

Legal and General Investment Management (LGIM) and The People's Pension have drastically reduced the time it takes to transfer members' data for auto-enrolment (AE) through integration platform Pensionsync.

There is no low cost solution for retirees or any idea of how and when it will be provided according to London Business School executive David Pitt-Watson.