The government must rein in pension promises, or find the funds to back them as the state's unfunded liabilities approach £6trn, argues the Centre for Policy Studies (CPS).
New pensions minister Ros Altmann must continue with the package of bold reforms that her predecessor began and focus on encouraging a "rebirth of savings culture" in the UK, Michael Johnson has said.
Michael Johnson has proposed that retirees are defaulted into drawdown after research by PP found little support for his original call for a default option of index-linked annuities.
Top stories on the site last week include High Court rulings on the IBM and MNRPF schemes, and Michael Johnson's verdict on pensions. Here's what you might have missed.
Pension figures have rejected calls to introduce a default retirement option of an inflation-linked annuity defined contribution members.
The Budget reform package coupled with generation Y's complete disengagement from traditional retirement saving has effectively killed pensions in their current form, according to Michael Johnson.
Michael Johnson sets out plans to curb freedom and choice
Savers approaching retirement should be defaulted into a not-for-profit annuity broker to protect them from making poor decisions after new flexibilities come in, argues the Centre for Policy Studies (CPS).
Top stories last week include two decisions from the Ombudsman, a scandal over DC charges, proposals to fix the LGPS and a 12-year low for inflation. Here's what you might have missed.
Michael Johnson sets out plans for an efficient £178bn superfund