More than 240,600 savers have lost an estimated £14.6bn of pension savings to fraudsters, but a further £2.5trn remains potentially accessible to criminals, The People’s Pension (TPP) says.
Smart has launched a retirement product in a bid to help guide members and bridge the advice gap.
Levels of confidence in retirement saving remain persistently low, with feelings dampened further by Covid-19, but savers recognise the current opportunities in equities, a State Street Global Advisors (SSGA) survey finds.
Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.
Just under three quarters of defined contribution (DC) members are interested in seeing how their pension scheme's performance compares to others in the market, according to AllianceBernstein.
Some 41% of people in drawdown are not adjusting their pension income levels to account for stock market volatility, analysis by Zurich has found.
Some 28% of senior business decision-makers are unaware that automatic enrolment (AE) minimum contributions are increasing next month, according to Now Pensions research.
Some 54% of savers are 'very' or 'fairly' confident their retired income will provide their desired standard of living, data from the Office for National Statistics (ONS) has revealed.
Over a third (37%) of 50- to 75-year-olds are unsure when and how to access their pension, Old Mutual Wealth and YouGov research reveals.
The government has been urged to involve more consumers in the development of the pensions dashboard as YouGov research showed more than 90% have not heard about it.
Kim Kaveh asks if the benefits of matching contributions are being communicated sufficiently.
Some 44% of 18 to 34-year-olds have no pension provision and 27% don't understand enough about them, latest research from YouGov reveals.
Good default options along the whole savings journey are more important than engagement, according to research by the People's Pension and State Street Global Advisors (SSGA).
Only 16% of defined contribution (DC) savers are saving enough to maintain their standard of living in retirement according to Aon Hewitt.
More than a third of workers have been auto-enrolled but coverage is uneven across the country and people still do not understand pensions, according to two surveys.
Seven in ten (70%) employers are being financially squeezed by auto-enrolment costs according to a report by the Chartered Institute of Personnel and Development (CIPD).
Just one third of 18-24 year-olds are in a workplace pension, suggesting much more action is needed according to the Chartered Institute of Personnel and Development (CIPD).