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.