Retirement Outcomes Review
Royal London has updated its wake-up pack strategy for pension clients and will now get in touch a full five years before a saver's scheduled retirement date.
Wake-up packs, savers' abilities to shop around, and looking at how to close loopholes for pension scammers will be key priorities for the Financial Conduct Authority (FCA) over the next few years, the watchdog has announced.
People should receive their wake up packs earlier to make good retirement decisions according to PP research.
This week we want to know when the is best time for people to receive their wake-up packs and if a new workplace ISA would undermine auto-enrolment.
Figures reveal a lack of belief in pensions which will be difficult to overcome.
The pensions minister has called on the industry to devise a standardised document to present members' defined contribution (DC) savings in the same format.