ONS

LTA will rise to £1,030,000

Six in ten hospitality workers are slipping through the net of automatic enrolment (AE), a Trades Union Congress (TUC) analysis has found.

It has been a busy year for pensions policy and regulation, and there is still a lot in the pipeline for 2017. PP has compiled a list of what to watch out for before Christmas.

Unchanged from previous month

Some 96% of retired households had disposable incomes of over £10,000 by the end of the 2016 financial year (FYE), a significant rise from just 21% in 1977, according to the Office for National Statistics (ONS).

Sterling fell in mid-morning trading on the announcement that UK inflation unexpectedly fell to 2.6% over the 12 months to June 2017, down from 2.9% in May.

Sterling rose 0.5% in morning trading, after it was revealed UK inflation climbed to 1% in September, a 22-month high, surpassing economists' expectations and forecasts from the Bank of England's August Inflation Report.

More than a third of workers have been auto-enrolled but coverage is uneven across the country and people still do not understand pensions, according to two surveys.

The number of active members of occupational schemes has returned to the record high set 33 years ago, according to the Office for National Statistics (ONS).

This week's top stories included coverage of the Pensions Regulator issuing the maximum fine to a professional trustee, ABI's data on pension freedoms, and rising inflation.