The Pensions Commission’s much-anticipated interim report landed last week – all 190 pages of it – confirming what the industry already feared: 15 million people are under-saving. Tom and Nick also dig into what happens, and what could happen, before the full report arrives in “early 2027” (definition pending).
Elsewhere, we expand on one of the key issues explored by the Pensions Commission with new data from trade union Prospect detailing the shrinking-but-still-enormous gender pensions gap.
In LGPS land, Tom laments the underwhelming government response to the scheme’s request for help regarding investment exposures to conflict zones, as well as the latest on local investment policies.
Finally, the pair analyse the Pensions Regulator’s new line on AI – including whether your pension chatbot can be trusted or is just confidently making things up.
Listen above, and subscribe for free via Spotify, Acast, or wherever you get your podcasts.
Pensions Commission calls for ‘new national settlement on pensions’
Millions of people are at risk of poverty in retirement, with low- and middle-income earners particularly at risk of a “cliff edge” drop in income, according to the Pensions Commission’s interim report, published last week. Baroness Jeannie Drake, one of the three commissioners leading the work on pension adequacy, said the situation required “a new national settlement on pensions”. Read the full story.
‘Wake up call’ on adequacy from Pensions Commission in interim report
Helen Forrest Hall, chief strategy officer at the Pensions Management Institute, described the interim report as “a wake‑up call” to the industry and called for “bold and innovative solutions on the scale of automatic enrolment”. Read more reaction from the industry.
