Compensation & Benefits

Aegon urges “possibly unpalatable” action from new Pension Commission

Aegon has called on the newly formed Pension Commission to deliver bold recommendations to the Government, including a significant increase in auto-enrolment contributions for mid- and higher earners. Kate Smith, head of pensions at Aegon, said the Commission must be prepared to make “bold, brave and possibly unpalatable recommendations” if it is to drive real change in pension saving. She welcomed the Commission’s plans to examine pension inequality across key demographics. Smith said: “We’re pleased the Pension Commission will investigate pension inequalities for key groups such as women, the self-employed and ethnic minorities,” adding that this could bring more people
1 2 3 39