All Adequacy articles
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NewsSPP urges ‘simpler and fairer system’ with eye on further reforms ahead
With more pensions-related legislation predicted next year, a new report from the Society of Pension Professionals has highlighted six priorities for policymakers, regulators and the pensions industry to consider.
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News'More reform needed' to increase UK pension system sustainability
The UK has slipped two places in an international ranking of pension systems, with researchers calling for higher retirement savings and wider auto-enrolment coverage to improve long-term sustainability.
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OpinionRailpen: The role of DB in boosting pension adequacy
With pension adequacy at the forefront of industry reforms, Railpen’s Jonathan Clark urges policymakers not to forget the vital role played by open defined benefit pension schemes for millions of people across the UK.
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NewsWomen feel more negative than men about retirement
Only 53% of women feel positive about their later years, according to research from Smart Pension
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NewsThe £42,000 retirement – and why it may have to wait
UK adults believe they need more than £42,000 a year after tax to feel financially secure in retirement, but many expect to work for longer – and increasingly see retirement as a gradual transition rather than a hard stop.
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OpinionIFS: Which workers should automatic enrolment reforms target?
Raising minimum auto-enrolment contribution rates requires a more nuanced approach and can’t be one-size-fits-all, writes Heidi Karjalainen of the Institute for Fiscal Studies.
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NewsIndividuals losing confidence in retirement savings, research shows
Many individuals expect to rely increasingly on their own investments and are losing confidence in retirement savings, according to international research by Amundi.
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NewsWork and Pensions Committee to review auto-enrolment minimums
The parliamentary committee has launched an inquiry that will seek to inform the work of the Pensions Commission around low earners and pension saving.
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NewsWomen nearing retirement have 46% less pension wealth than men, PPI finds
Gendered working patterns have the biggest impact on the divide, reducing the median pension wealth of women aged 55 to 59 by 39% relative to men.
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OpinionProspect: Self-employed workers need more help to save for retirement
Steve Thomas, deputy general secretary of the trade union Prospect, says it is not enough just to encourage more saving among self-employed people – they need a sustainable, affordable way to do so.
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NewsUncertainty grows over renting costs in retirement, research shows
A Royal London survey estimates that six million people don’t know how they will pay their rent or mortgage in retirement, as evidence mounts of the impending housing crisis for future pensioners.
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OpinionCan the Pensions Commission address systematically unequal outcomes?
Ieuan Solanki, Vidett The debate over automatic enrolment reform highlights the difficulty of improving retirement outcomes for low earners. As fresh analysis from the Pensions Policy Institute makes clear, even widely supported changes involve trade-offs. Perhaps the bigger question is whether the pensions system is trying to ...
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OpinionABI: Pension saving must keep pace with our changing society
Roberto Marrocco of the Association of British Insurers looks at the easy wins for the Pensions Commission and the harder questions it faces.
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NewsSingle pensioners drive rise in retirement poverty, LCP finds
Pensioner poverty has risen steadily since 2012-13, driven largely by worsening outcomes among single retirees, with women making up two-thirds of single pensioners in poverty, according to LCP.
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NewsSPP: Millions at risk of pension shortfall without joined-up housing policy approach
Declining homeownership rates and a sharp rise in lifelong renters mean many people will require an estimated £269,000 more in pension savings to cover rental costs, according to the Society of Pension Professionals.
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NewsHow employers can bridge the pension confidence gap
More than four in 10 workplace pension members would turn to their employer for retirement support, as research finds communications are failing to build confidence or prompt action.
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OpinionLong-term vision in a short-term world: Building a pension system that endures
Paul Sweeting, president of the Institute and Faculty of Actuaries, proposes three challenges for the Pensions Commission – and the wider retirement sector – to consider as the work to improve adequacy continues.
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NewsHousing benefit does not support pension saving, PPI research finds
Every £1 of private pension income reduces housing benefit entitlement by 65p, the Pensions Policy Institute reports, leaving only 35p as an improvement to a person’s disposable income.
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NewsNo one answer to low earners’ pension dilemma, says PPI
No single change to the auto-enrolment regime will protect all low earners, according to the Pensions Policy Institute, with the removal of the lower earnings limit posing short-term affordability issues for many.
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FeaturesWhat the pensions industry wants from the Pensions Commission
Pensions Expert has collated a selection of views from senior representatives, each exploring what they would like to see from the final report when it is published next year.