Ros Altmann

Industry gets behind PP call to arms on decent defaults

The Department for Work and Pensions is set to spend £10m on communications to ensure auto-enrolment is a success, pensions minister Steve Webb says.

Trustee boards need a radical overhaul to stamp out the "vested interests" of professional trustees appointed by sponsoring employers, an academic says.

The Bank of England move to undergo a second round of quantitative easing will be a ‘Titanic disaster' for both schemes and pensioners, Saga says.

Graduates auto-enrolled into pensions should be allowed to use their employers' contributions to pay off their debts, Ros Altmann, director-general of Saga, said.

Auto-enrolment queries are beginning to mount for The Pensions Advisory Service and now account for up to 3% of monthly calls.

Replacing tax relief on pensions with a matched savings scheme and setting up a "no-lose lottery" could help plug Britain's savings gap, a think tank says.

The second reading of the Pensions Bill, which will accelerate the state pension age increase for half a million women, will take place today.

Campaigners protesting plans to accelerate the increase in state pension age handed a petition with more than 10,000 signatures to the government yesterday.

Hundreds of pensioners are expected to meet their MPs in a mass lobby organised by AgeUK to protest about the accelerated equalisation of the state pension age.