All Adequacy articles
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News
Stop tweaking and start transforming pensions, says tech provider
UK policymakers must rethink the meaning of pension adequacy and use established solutions as benchmarks to deliver better retirement outcomes, according to Festina Finance, a European pension administration technology provider.
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Features
The Pension Commission’s challenge in seven charts
The Pensions Commission was (re)launched a week ago, with a broad remit but considerable constraints. Pensions Expert looks at some of the key challenges the commissioners are trying to solve.
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Opinion
Tackling ethnic disparities in pension participation through inclusive scheme design
Qamar Shazad and Adam Hayes of the Institute and Faculty of Actuaries call for policy changes to improve pension coverage for minorities.
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Opinion
IFS: Three key recommendations for the Pensions Commission to consider
With the Pensions Commission relaunched this week, the Institute for Fiscal Studies’ Jonathan Cribb outlines three focus areas from the institute’s recent two-year pension system study.
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Article
Renewing the social contract on retirement: Liz Kendall on the Pensions Commission
The work and pensions secretary Liz Kendall addressed industry representatives and the media this week to outline the need for further pensions reform and set the stage for the new Pensions Commission.
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Opinion
Our pensions system is unfair and inadequate. Will the Pensions Commission fix it?
Finance Innovation Lab chief executive Jesse Griffiths says the new Pensions Commission is a “significant step forward” – but, he argues, the lack of policy direction on long-term ESG issues is a major oversight.
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News
Meet the new Pensions Commission
The newly revived Pensions Commission will lead the government’s review into retirement adequacy. Pensions Expert looks at who’s on the panel and what they bring to the role.
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News
Trustees urge Pensions Commission to consider housing and rental costs for retirees
The Association of Member Nominated Trustees has called for the new commission to incorporate housing costs into their research on pensions adequacy.
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News
Pensions Commission relaunched: ‘Significant job to finish’ on retirement living standards
Pensions UK, the industry trade body, will feed into the new Pensions Commission, while the regulator and the Institute for Fiscal Studies have also voiced their support.
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News
Government resurrects Pensions Commission to oversee adequacy review
Baroness Jeannie Drake – who was one of the authors of the Turner Report – is one of three senior figures tasked with investigating retirement income adequacy and inequalities.
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News
PPI’s Suzy Morrissey to lead state pension age review work
The government has launched its latest statutory review of the state pension age, which is due to rise to 68 by the 2040s.
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Opinion
The Friday Takeaway: DWP prepares some light holiday reading
Pensions Expert editor Nick Reeve looks forward (again) to a momentous week for the UK pensions sector.
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News
Liz Kendall indicates adequacy review to begin next week
The work and pensions secretary told MPs yesterday that she was “very concerned” about the challenges facing pension savers and that the government would have “more to say” next week before parliament goes to recess.
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News
PMI criticises omission of adequacy review from Mansion House speech
Rumours had swelled in recent days that the chancellor would use her address to announce phase two of the government’s Pensions Review.
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News
Employers pledge to ‘prioritise value over cost’ ahead of adequacy review
More than 20 major employers have committed to prioritising pension value over cost, in a move designed to improve outcomes for millions of UK workers.
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Opinion
The Friday Takeaway: Time for a Mansion House Adequacy Accord?
The government may find its options limited when trying to improve pensions adequacy, writes Pensions Expert editor Nick Reeve. It may be left to the industry to work on improving retirement outcomes.
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News
IFS recommends state pension and auto-enrolment changes to boost adequacy
Recommendations from the IFS’s two-and-a-half-year research project could boost private savings by £11bn a year and help improve pension outcomes, the institute says.
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News
Increase in pension contributions would create tough times for small businesses
The Federation of Small Businesses has called for a full economic assessment before any increases to minimum contribution rates.
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News
Housing costs will make or break retirement for Generation Rent
Retirement renters less than half to reach the minimum standard of living
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News
Pensions adequacy hangs in the balance
Hargreaves Lansdown worked with Oxford Economics to assess how pension adequacy is currently measured and how each measure works for different groups.