Using UK economic growth as a barometer for public sector pension payments is "absolute nonsense" which will continue to underestimate costs, John Ralfe says.
Public sector discount rates should be tied to UK economic growth to reflect future tax revenues needed to fund the scheme, the Pensions Policy Institute says.
Otto Thoresen explains why employers and better incentives are key to the future of schemes
Pension experts have broadly welcomed Treasury plans to consult on allowing access to 25% of pension savings tax free before retirement but warn the new rules must be kept as simple as possible.
Government proposals to end compulsory annuitisation could increase member longevity risk, the Pensions Policy Institute believes.
Introducing the National Association of Pension Fund's proposal for a simple, single state pension would "really help" the auto-enrolment reforms, Adrian Boulding says.
The state pension age should be hiked to at least 70 by the mid-2030s if concerns over the impact of rising longevity are to be allayed, industry experts say.
The National Association of Pension Funds has urged the government not to damage the UK's savings culture by back peddling on pension reforms.
UK - The National Association of Pension Funds has urged the government not to damage the UK's savings culture by back peddling on pension reforms.