Majority back regulated introduction of targeted retirement support, finds Aegon
These findings come as the Government and Financial Conduct Authority (FCA) consult on plans for regulated firms to provide 'targeted support'.
Budget shake-up could negatively affect pension planning – Hargreaves Lansdown
Tax-free cash was reduced to a maximum of £268,275 by the last Government, prompting further speculation as to whether it would be eroded further in future.
Bravura selected by West Yorkshire Pension Fund to connect to Pensions Dashboard
This will enable more than 400,000 members to find and view their WYPF-administered pensions when pensions dashboards are available to the public.
WTW proposes replacement options for ‘broken’ DC pensions
The firm proposed four ways of replacing DC pensions with designs that could help employees achieve better outcomes.
Third of self-employed have less than £1,000 in savings, finds interactive investor
90% of self-employed workers aged 55 and over were off track for a moderately comfortable retirement.
Royal Mail launches UK’s first collective defined contribution pension scheme
The scheme will offer more than 100,000 Royal Mail employees a cash lump sum and an income in retirement.
Government to fast-track plans to boost access to CDC pensions
CDC pension schemes, first introduced to the UK in 2022, enable savers to pool their money into a single fund to share investment risk and longevity risk.
Pre-Budget speculation “chips away at people’s confidence in pensions” – AJ Bell
Michael Summersgill urged the Chancellor to use her first Budget to commit to long-term stability in the pension tax system.
The Gender Pension Gap: How to overcome it -Royal London
Royal London’s research into workers’ retirement savings habits shows that pension contributions differ significantly by age, job type, and income. The one consistent is that the gender pension gap impacts women at every stage of their career, leaving them worse off in retirement.
Pension funds average 7.72% annual growth, savers further from retirement benefit most – PensionBee
A previous survey conducted by PensionBee revealed that more than a third of savers between the ages of 18 and 54 anticipated returns of between 5% and 7%.
Overtime pay could boost retirement income by £125,000 – Standard Life
Some industries, like manufacturing and construction, routinely offer paid overtime at typically 1.5-times the normal rate of pay, potentially creating a sizeable extra pool of earnings to dip into.
DWP Minister reiterates desire for roadmap to pension contribution increases
Sir Stephen Timms MP said he would like to see the Government set out a timetable for increasing pension contributions from their current 8% minimum.
