The retirement living standards must be widely adopted by schemes to help millions of savers truly understand how to achieve the retirement lifestyle they desire, says Nigel Peaple.
The Pensions and Lifetime Savings Association's (PLSA) policy board has agreed a four-year plan focusing on consolidation, adequate contributions, effective management and well-run schemes.
The government needs to boost pension schemes' access to illiquid investments, remedy the net-pay tax relief anomaly, and focus on securing a "successful Brexit" for pensions in its upcoming Budget, says the Pensions and Lifetime Savings Association (PLSA)....
Lack of adequate income is increasingly to blame for why people do not choose to save towards retirement, according to research by Equiniti.
An overwhelming majority of this week's Pensions Buzz respondents agreed with the Pensions and Lifetime Savings Association (PLSA) that national retirement income targets should be developed to help people understand how much to save for retirement.
The Pensions and Lifetime Savings Association (PLSA) has proposed a number of reforms to boost pensions adequacy, including retirement income targets to show the lifestyle people could afford on different levels of income.
This week we want to know if national retirement targets would get people to save more and if you think trustees should take more interest in the use of biometrics in schemes.