Despite the high numbers, an FoI has found the number applying is dwindling
Triple lock could see state pension grow by 8% after latest earnings data
New-look site comes after Henry Tapper teams up with Steve Goddard to overhaul the site
Faster than expected decline of open DB leads to calls for DC policy upgrade to improve outcomes
Pension professionals back holding another round of pensions tax simplification
The pensions freedoms rules should be amended to allow savers to access their 25% tax-free lump sum and leave the rest invested in their pension, Lane Clark & Peacock (LCP) has urged MPs.
It will take too long to save into defined contribution (DC) pensions to keep retirement savings steady and offset the loss of defined benefit (DB) income, according to Lane Clark & Peacock (LCP).
Schemes need more certainty over the data they will have to provide for dashboards, as the minister is expected to take a heavier stance in 2021, experts say.
Pension professionals have called on The Pensions Regulator (TPR) to adopt a more pragmatic approach to regulation as the impact of Covid-19 hits defined benefit (DB) schemes and sponsors.
The intricacies of pensions legislation mean industry feedback can be valuable for governmental policy-making, says Sir Steve Webb.