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 scam ‘epidemic’ across the pensions industry needs better government intervention in the form of a specifically appointed minister, AJ Bell has reiterated.