Pot luck on investment returns leaves savers playing "pensions roulette" in the years just before retirement, the Trades Union Congress (TUC) has said.
Nearly eight million people fear they will not have enough money to retire when they reach state pension age (SPA), Age UK research has revealed.
This week's top stories included the House of Lords amending the Financial Guidance and Claims Bill to introduce new requirements around cold calling.
Several changes made
Letter to FTSE All-Share members
The Department for Work and Pensions (DWP) has launched a consultation on the draft regulations for bulk defined contribution (DC) transfers without member consent.
Trust-based defined contribution (DC) schemes with between one and five members face the highest ongoing charges for investing their retirement pot, research has revealed.
Defined contribution (DC) occupational schemes will be forced to disclose to members costs and charges associated with investing their retirement pots, the government has announced.
Most respondents believe single policy board would save money and cultivate a holistic approach.