The number of savers on the right track to receive their desired pension income has increased to 12% from 7% a year ago according to research from Aegon.
The biggest stories this week were backlash over Bentley's plans to pass NI costs onto DB members, Rothesay Life buying two-thirds of Aegon's bulk annuity book, and speculation over the future of the British Steel scheme.
The number of defined benefit (DB) industry professionals has declined by just 4% over the past five years according to the Pensions Management Institute (PMI).
Redington has hired Jinesh Patel as vice president of its defined contribution (DC) and financial wellbeing consulting practice.
The Pensions Regulator (TPR) has launched for consultation a series of guides to help trustees implement its revised defined contribution (DC) code.
PP takes a look at the first IGC reports to see how the
Policy changes will result in an extra three million retirees on inadequate incomes by 2060 on top of the 12.2 million already forecast, according to research.
Chris Inman has been appointed to lead Aon's defined contribution (DC) investment advisory service as the consultancy expands its DC services.
Early state pension access for women affected by the age increase could lead to flexibility for everyone.
Lack of pension saving and lingering debts will mean many employees over 50 will be forced to put their retirement plans on hold, according to research by Aviva.