All Adequacy articles – Page 3
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NewsGovernment 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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NewsPPI’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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OpinionThe 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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NewsLiz 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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NewsPMI 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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NewsEmployers 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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OpinionThe 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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NewsIFS 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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NewsIncrease 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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NewsHousing 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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NewsPensions 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.
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NewsGovernment urged to strengthen low-earner protections in Pension Schemes Bill
The Pension Schemes Bill could improve retirement outcomes for low earners, but a new report warns the legislation must be strengthened to deliver on its promise.
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FeaturesAdequacy is top of the industry’s agenda after Pension Schemes Bill published
As the dust settles following the publication of the Pensions Investment Review final report and the release of the Pension Schemes Bill, the industry’s focus has immediately turned to adequacy.
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OpinionWhy payroll savings is a great idea – and how the finance industry can deliver it
Payroll savings, sidecar savings, emergency savings – whatever you call it, the idea is gaining in popularity. Rob Yuille of the Association of British Insurers explores the different proposals and the many questions that need to be addressed.
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NewsMillions face retirement poverty without action on adequacy, report finds
More than a third (39%) of people polled by Scottish Widows for its latest Retirement Report are not on track for a minimum lifestyle in retirement as saving ability has been squeezed and low contribution rates dominate.
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NewsDC retirees risk running out of savings without major reforms, warns IFS
A major new report has called for the government to reform its regulations to support DC savers in retirement.
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OpinionPolicymakers should focus on pension beneficiaries to boost the UK economy
Fiona Reynolds and David Pinkus of the Coller Pensions Institute call for the government to refocus its pension reforms on ensuring the best outcomes for members.
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OpinionThe concerns of Gen Z and the changing landscape for retirement saving
Shantel Okello, a policy researcher at the Pensions Policy Institute, delves into the findings of a new report into the retirement savings challenges faced by young people.
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NewsTorsten Bell: New pensions commission will not solve adequacy issues
Torsten Bell has said people who think a “technocratic” approach to solving adequacy issues were “in la-la land”, and argued that the government needed to make use of its strong majority.
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OpinionDecoding the pensions industry’s ‘alphabet soup’
The PLSA’s Zoe Alexander seeks to decipher some industry jargon and asks how pension professionals can make the retirement savings world clearer for consumers.