A data-driven approach to governance that encourages employees to take ownership of their pension rather than expecting more from schemes will drive better outcomes, Howden Employee Benefits & Wellbeing says.
The Pensions Regulator’s (TPR) chief executive Charles Counsell has called on gig economy companies to offer pensions to eligible workers so they can have a decent standard of living in retirement.
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.
The Pensions and Lifetime Savings Association (PLSA) has called for a new set of product, communication and governance standards to allow greater provider support for savers.
Auto-enrolment (AE) provider Nest has urged the government to consider protecting unengaged savers in retirement a statutory obligation.
Legislation approved to boost internet safety has not answered numerous calls for the inclusion of economic harm and scams from the finance industry.
The Pensions Regulator (TPR) interim chair Sarah Smart has tried to reassure MPs that no conflict of interest will arise from her husband’s role at the British Airways pension schemes.
The Work and Pensions Committee (WPC) has urged the government and regulators to “act quickly and decisively” to protect pension savers from scams.