All Adequacy articles
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NewsPension Schemes Bill: Highlights from the third reading in parliament
Pensions Expert selects key topics, quotes and themes from the third reading of the Pension Schemes Bill, which took place yesterday (3 December) in parliament.
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NewsPension providers call for calm ahead of salary sacrifice changes
The government is expected to legislate before Christmas to restrict the national insurance exemption on employee pension contributions made via salary sacrifice, according to the Financial Times.
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NewsTPR urges action to support millions of people ‘under-saving’ for retirement
Speaking at the Pensions Expert Annual Conference on 26 November, TPR’s Nausicaa Delfas said the UK’s pensions system was “unfinished business”, with approximately 14.6 million people under-saving for retirement.
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NewsMinimum wage hike to aid pension saving for low earners
For a full-time worker on the National Living Wage, the rise means an increase in pay of £900 a year, while for someone on the National Minimum Wage working full-time, it will mean a £1,500 boost.
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NewsCareer breaks push one in three women into pension poverty
Scottish Widows reported that, by age 55, one in four women will have been out of work for more than five years, which could result in a £70,000 hit at retirement.
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OpinionLow incomes, different lives: The unequal reality of low earners
The PPI’s John Upton explains that low earners cannot be treated as one homogenous group, as the Pensions Commission and others seek to improve retirement savings adequacy.
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NewsGovt sets out financial inclusion drive with payroll savings and curriculum reform
The government has set out plans to expand payroll savings initiatives as a core part of its new financial inclusion strategy, published this week.
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OpinionThe Friday Takeaway: A retirement savings nightmare awaits you!
More frightening statistics about pension savings – or rather, the lack of them – make for unsettling reading this Halloween, writes Pensions Expert editor Nick Reeve.
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NewsOne in five workers faces retirement poverty as adequacy gap widens
Research from Scottish Widows and Fidelity International shows millions risk poverty in retirement, as longer lives and low engagement threaten future income security.
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OpinionAdequacy is the challenge of our time – but what can be done?
Vidett’s Ben Salmons and Mike Birch respond to the regulator’s recent missive on adequacy and decumulation, arguing that the two must be considered separately for reforms to truly be effective.
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NewsPensions Commission: Interim report expected in the spring
Baroness Jeannie Drake and Professor Nick Pearce addressed the Pensions UK Annual Conference this week to outline their approach to assessing and addressing adequacy issues.
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NewsLong-term solutions needed to address adequacy issues
Pensions UK Annual Conference: Improvements in state pension provision have not been matched in the private sector, and the industry faces an uphill battle to solve its adequacy problem.
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NewsPensions industry confident of sector’s resilience in face of major reforms
More than three quarters of pensions industry professionals expect the sector to successfully navigate the significant reforms proposed over the next few years, according to new research from trade body Pensions UK.
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OpinionThe AMNT’s pensions manifesto for 2030 and beyond
With the scope of reforms to the pensions industry becoming apparent, John Flynn of the Association of Member-Nominated Trustees (AMNT) sets out some key priorities for his organisation and policymakers.
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NewsSix key challenges for the revived Pensions Commission
Aon has warned that the government’s revived Pensions Commission will face major structural hurdles if it hopes to deliver meaningful reform to the UK’s pension system.
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OpinionNest Insight: Understanding the context of the Pensions Commission
The final edition of our ‘Dear Pensions Commission’ series sees Nest Insight’s Will Sandbrook explore the economic context of the relaunched Pensions Commission and how it may affect the commissioners’ approach to adequacy.
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OpinionIFoA: Reframing pension adequacy – a collaborative response to structural gaps
Alexandra Miles of the Institute and Faculty of Actuaries introduces new research laying out the realities of the pension system inequalities that the Pensions Commission is seeking to address.
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OpinionFabian Society: To ‘finish the job’, address remaining injustices for low earners
In this instalment of Pensions Expert’s ‘Dear Pensions Commission’ series, the Fabian Society’s Sasjkia Otto outlines what her research shows about what future pensioners need.
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OpinionRailpen: The role of open DB schemes in pensions adequacy
Railpen’s Tim Miller says the resilience of open defined benefit schemes shows that they need to be a part of the Pensions Commission’s thinking on retirement income adequacy, in the latest open letter in our series.
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OpinionPPI: From payslip to pension – getting the full picture on low earners
In this instalment of the ‘Dear Pensions Commission’ series, John Upton of the Pensions Policy Institute explains the organisation’s latest research that sheds light on how auto-enrolment limits affect low earners.