The Work and Pensions Committee has called for the government to introduce an auto-drawdown option while allowing NEST to offer decumulation products, James Phillips reports
Nearly three-quarters of workers were saving into a workplace pension scheme as of April last year, data from the Office for National Statistics (ONS) shows.
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
The estimated cost of pensions tax relief for employees to the government is expected to hit £24bn in this tax year, according to government data.
The Association of Consulting Actuaries has proposed a 'national flexible ISA' and tax reform to improve intergenerational fairness. Kim Kaveh looks at how these would work
Defined benefit (DB) schemes further upped their allocation to bonds in the year to March 2017, continuing a four-year trend, analysis by the Pension Protection Fund (PPF) has found.
Michael Klimes explores how the Pension Quality Mark's new communications guide can help the industry can improve engagement with members
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.
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.