A handful of industry heavyweights have begun trialling a so-called 'mid-life MOT', with positive initial results reported by all those involved.
The Work and Pensions Committee has called for the government to introduce an auto-drawdown option while allowing NEST to offer decumulation products, James Phillips reports
Nearly eight million people fear they will not have enough money to retire when they reach state pension age (SPA), Age UK research has revealed.
The 2017 edition of The Future Book suggests many default funds are not diversified enough to protect savers against market downturns, James Phillips reports.
Experts have called on the government to clarify the relationship between state pension age increases and the age from when individuals can flexibly access their pension pots.
Plans to raise the state pension age (SPA) to 68 seven years ahead of schedule by 2039 has been welcomed by the industry as a necessary move to reflect rising life expectancy and keep costs affordable.
The government has confirmed it will raise the state pension age (SPA) to 68 between 2037 and 2039, seven years ahead of the date range originally planned.
The new work and pensions minister David Gauke has laid into past governments who "tinkered around the edges" with pensions policy.