TPR annual DB report also reveals total members has fallen by 2.5 million since 2012
The latest figures have been dubbed as a 'worrying' trend
The state pension is now set to rise 3.1%
Chancellor Rishi Sunak ruffles feathers by leaving glaring pensions issues on the sideline
The Treasury is set to save around £4.5bn from the increase
Industry working group to consider contract- and trust-based ‘push’ and ‘pull’ solutions
Pension savers have held off from making changes to their pensions despite nearly half having been impacted by the pandemic, research finds.
The £2.3bn withdrawn flexibly from pensions in Q3 represents a 2% year-on-year decrease from monies withdrawn during the same months in 2019, HM Revenue and Customs (HMRC) figures show.
The government will reintroduce the pension schemes bill as part of an “ambitious programme of domestic reform”, the Queen’s Speech confirmed today.
Mid-life support for employees can be a win-win scenario for both employees and employers, according to the Centre for Ageing Better.