Latest articles from Amy Austin

MPs warn of further state pension errors in scathing report

Bloomberg

The Public Accounts Committee is calling for the government’s state pension payment system to be overhauled and underpayments to be treated more seriously, while warning that other errors could still be unidentified.

ABI warns dashboards must be interactive to draw in young savers

News on the go

On the go: Pensions dashboards should be interactive and show how changing contributions can boost income to appeal to younger savers, the Association of British Insurers has said.

Warning 7,000 NHS staff could retire as pension penalties loom

News on the go

On the go: Quilter has warned there could be an exodus of NHS staff in March as Covid-19 rules, which prevented workers from receiving a financial penalty, come to an end.

Pension ages need a rethink as life expectancy falls

News on the go

On the go: The government should rethink its plans to increase the state pension age as life expectancy estimates show a further decline, according to a former pensions minister.

Standard Life moves 1.5m savers into sustainable default funds

News on the go

On the go: Standard Life, part of Phoenix Group, is moving £15bn of assets and 1.5m pension clients to a default strategy that will mainly provide a passive, lower-cost sustainable solution.

MP seeks to extend auto-enrolment to 18-year-olds

News on the go

On the go: Proposals that would see working 18-year-olds and low earners automatically save into a pension are being put before parliament this week.

Frank Field recognised in New Year honours

News on the go

On the go: Frank Field, former Work and Pensions Committee chair, has received one of the most exclusive awards in the Queen’s New Year’s honours list.

PMI warns majority of savers will be caught out by pension age rise

News on the go

On the go: The majority of people impacted by the rise in the normal minimum pension age are unaware it is happening, the Pensions Management Institute has warned.

MPs urged to tweak minimum pension age rules

News on the go

On the go: Quilter has written to MPs to ask them to amend the finance bill to avoid “decades of complexity” in relation to the increase in the normal minimum pension age.

FCA to consult on British Steel redress scheme

News on the go

On the go: The Financial Conduct Authority will be consulting on a redress scheme for members of the British Steel Pension Scheme who transferred out after receiving bad advice.