Institute says reforms could raise revenue and reduce income tax avoidance
Thousands of the country’s most financially insecure individuals are remaining in auto-enrolled schemes even if it may not be in their best interests to do so, the Institute for Fiscal Studies (IFS) finds.
The average age 40 to 54 year-old men and women expect to retire increased between 2006 and 2017 by more than two years, the Institute for Fiscal Studies (IFS) says.
Soon-to-be and recent retirees significantly underestimate their longevity, expecting a lower chance of survival to old age compared to official estimates, according to the Institute for Fiscal Studies (IFS).
Movements to equalise the state pension age (SPA) between men and women have led to more than £5bn of extra money for the government, latest analysis reveals.
People born in the 1980s are now more likely to be members of a pension scheme than those born a decade earlier, according to the Institute for Fiscal Studies (IFS).
Public sector pension reforms will have "little or no long-term saving for taxpayers" because improved accrual rates cancel out retirement age hikes, an independent study says.
An independent commission, spearheaded by former Treasury Select Committee chairman Lord McFall, is to investigate why the UK pensions system is failing.
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.