Collective defined contribution (CDC) schemes risk creating "irreversible intergenerational injustice" and could undermine pension freedoms, Michael Johnson says.
The pension freedoms have had unintended consequences which should have been foreseen, Michael Johnson has said.
The Centre for Policy Studies (CPS) has called on the government to reform incentives for auto-enrolment (AE), which it estimates could save the Treasury £10bn annually.
Jonathan Stapleton takes a look at how employers can help their members through the at-retirement journey and ensure they are getting the right support to make decisions.
The Centre for Policy Studies (CPS) has called for savers to be "automatically protected" in retirement by phasing them between drawdown and annuitisation.
The UK should establish a workplace ISA to reinforce auto-enrolment (AE) and avoid high-opt rates according to Centre for Policy Studies research fellow Michael Johnson.
Centre for Policy Studies research fellow Michael Johnson has proposed seven ways to make the local government pension scheme more sustainable.
The local government pension scheme's (LGPS) reported investment costs have increased to £748m and charges per member have more than doubled in six years, according to a report.
Industry groups must speak with one voice to get politicians’ attention
The government has been urged to scrap tax and national insurance relief on retirement savings and replace pensions with ‘ISA warehouses' in a radical shake up.
The government must rein in pension promises, or find the funds to back them as the state's unfunded liabilities approach £6trn, argues the Centre for Policy Studies (CPS).
New pensions minister Ros Altmann must continue with the package of bold reforms that her predecessor began and focus on encouraging a "rebirth of savings culture" in the UK, Michael Johnson has said.
Michael Johnson has proposed that retirees are defaulted into drawdown after research by PP found little support for his original call for a default option of index-linked annuities.
Top stories on the site last week include High Court rulings on the IBM and MNRPF schemes, and Michael Johnson's verdict on pensions. Here's what you might have missed.
Pension figures have rejected calls to introduce a default retirement option of an inflation-linked annuity defined contribution members.
The Budget reform package coupled with generation Y's complete disengagement from traditional retirement saving has effectively killed pensions in their current form, according to Michael Johnson.
Michael Johnson sets out plans to curb freedom and choice
Savers approaching retirement should be defaulted into a not-for-profit annuity broker to protect them from making poor decisions after new flexibilities come in, argues the Centre for Policy Studies (CPS).
Top stories last week include two decisions from the Ombudsman, a scandal over DC charges, proposals to fix the LGPS and a 12-year low for inflation. Here's what you might have missed.
Michael Johnson sets out plans for an efficient £178bn superfund
The Local Government Pension Scheme (LGPS) is at risk of falling into a cash flow crisis following years of lax governance, Centre for Policy Studies research fellow Michael Johnson has warned.
CPS fellow slams consultants for being out of step with savers
The private pensions industry is set to wind down as young people increasingly retreat from retirement saving, the Centre for Policy Studies (CPS) has warned.
Jonathan Stapleton asks if tax-relief needs radical reform