Hargreaves Lansdown

Royal Mail workers have overwhelmingly voted for strike action in response to the company's planned closure of its defined benefit (DB) scheme.

Hargreaves Lansdown research has found that employers support the expansion of auto-enrolment (AE) and higher minimum contributions.

Up from 2.6%

The government's proposals to clamp down on pensions cold calling are still lacking in detail and it needs to be much clearer about how they will be introduced, says the industry.

The government's plans to ban pensions cold calling could be subject to further delays amid speculation that yet another consultation is on the cards.

The average pot size for members who actively select funds is £29,996 compared to just £3,790 for a defaulter, according to a study by Hargreaves Lansdown.

The Financial Conduct Authority (FCA) has set out how it will collect data on how savers are using pension freedoms, with first reports due in September 2018.

Plans to raise the state pension age (SPA) to 68 seven years ahead of schedule by 2039 has been welcomed by the industry as a necessary move to reflect rising life expectancy and keep costs affordable.

Helena Morrissey, head of personal investing at LGIM, has been appointed a dame in the Queen's Birthday Honours list for improving diversity in financial services.

Michael Klimes asks if the tools that companies use to help staff understand pensions and finance are sufficient