Baroness Jeannie Drake has questioned whether placing more responsibility on individuals amounts to an efficient long-term savings policy.
The Resolution Foundation has today launched a commission into intergenerational inequality, focusing on the gap in wages, pensions, and homeownership between generations.
UK pensions look good in theory but the system could turn out to be alarmingly fragile. Michael Klimes finds out why
Working longer and sharing risk better would help, says Paul Johnson
The government has been urged to axe the state pension triple lock in light of data showing pensioners have higher average income than working age people for the first time.
An independent commission, spearheaded by former Treasury Select Committee chairman Lord McFall, is to investigate why the UK pensions system is failing.
Employers are unlikely to switch to trust-based defined contribution schemes in order to receive contributions back if an employee leaves within two years of auto-enrolling, Paul Johnson says.
The exclusion of micro-employers from auto-enrolment was ruled out due to the number of employees that would be excluded and because of "substantial" practical issues.
The findings of the independent review into the operation of auto-enrolment will be released next week, pensions minister Steve Webb confirms.
The industry "won't be in suspense much longer" over NEST, Steve Webb told delegates.