Lobby group also calls for new minister to combine the DC regulatory regimes into one
Renny Biggins says the devil is in the detail when comparing global pensions systems
Chancellor Rishi Sunak will deliver his mini-budget later today
Wider reform will still be needed to iron out systemic AE issues
The WPC has laid down its final freedoms recommendations to the government
TISA calls for four aspects of pensions decumulation policy to be amended
Comes as a PP poll finds almost three quarters agree they are “drowning” under a deluge
Auto-enrolment (AE) contributions must rise to 12% to put the UK on par with the rest of the Organisation for Economic Co-operation and Development (OECD) countries, The Investing and Saving Alliance (TISA) says.
Thirteen recommendations for the Money and Pensions Service (Maps) have been laid out in an independent report to address the “urgent” financial wellbeing implications of the coronavirus pandemic on Britons.
The least financially secure pension savers may be increasing their personal debt levels or foregoing household essentials after paying pension contributions, The Investing and Saving Alliance (TISA) says.