Institute says gap is a result of women being less likely to be in paid work than men
Institute finds employees do not capitalise on opportunities to boost retirement savings
Ross Trustees merges with ITS; and Nest and Atos end admin deal
IFS says current system doesn’t do enough to support savers on low retirement incomes
Reform of pensions tax would be hard, but some areas appear more generous than others
Faster than expected decline of open DB leads to calls for DC policy upgrade to improve outcomes
Defined benefit (DB) savers may be accumulating too much in pension savings too soon, taking away from other financial priorities and choices, according to the Institute for Fiscal Studies (IFS).
The government should encourage people to save more into pensions after life stages such as when children leave home and after mortgages and student loans are paid off, the Institute for Fiscal Studies (IFS) says.
Around £6bn of UK pension fund monies should be invested in a National Renewal Fund aimed at recapitalising 21,000 growth economy businesses, a report suggests.
One in eight older workers have changed their retirement plans as a result of Covid-19, the Institute for Fiscal Studies says