All Retirement articles – Page 4
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NewsMaPS corrects potentially dangerous omission, but keeps Mum about it
The Money and Pension Service last week published an updated version of its “Your Pensions, Your Choices” guidance booklet, which is typically sent to every individual as they approach their retirement.
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NewsDefined contribution pension schemes: half of savers have no idea how to access their pot
The Institute for Fiscal Studies' (IFS) report revealed more than four in ten of those in their 50s and early 60s with defined contribution pension pots had "no idea how to access their savings".
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NewsMore retirement planning needed for those with mental health issues
Millions of people with mental health problems face a financial cliff edge when they retire, because they do not receive the information and support they need to plan for retirement.
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NewsLiving Pension: Fighting poverty with better retirement saving
The Living Wage Foundation has launched the Living Pension Employer standard, a voluntary programme for employers who wish to address low levels of pension saving among lower paid workers.
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OpinionGovernment disappoints in auto-enrolment inquiry responses
Broadstone head of policy David Brooks is calling on the government to start advising people that current minimum contributions will not be enough for a comfortable retirement.
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NewsGovt refuses to commit to increase auto-enrolment contributions
The government has refused to commit to increasing minimum auto-enrolment contributions, despite acknowledging that the current statutory contribution of 8 per cent is “unlikely to give all individuals the retirement to which they aspire”.
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OpinionWe need to teach people about money, not just maths
Scottish Widows’ Robert Cochran explains how the recent pledge to extend numeracy education in schools should also include financial matters.
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NewsFCA launches retirement income advice review
On the go: The Financial Conduct Authority is to review the level of advice consumers are receiving from independent financial advisers on meeting their income needs in retirement.
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NewsInflation drives 18% surge to ‘minimum’ cost of retirement
Retirees trying to achieve a basic standard of living will have seen their expenditure increase over the past year by almost 20 per cent due to high inflation, according to the Pensions and Lifetime Savings Association’s retirement living standards.
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NewsMore than 8.6mn missing out on workplace pension savings
On the go: More than 8.6mn people from “underpensioned” groups are missing out on workplace pension savings, according to a report by Now Pensions.
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NewsNHS staff offered ‘partial retirement’ with scheme eligibility expanded
Members of the NHS Pension Scheme will have the option of “partial retirement” under proposed government reforms aimed at stemming the flow of health workers leaving the NHS.
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NewsOECD: Countries should pursue pension reforms despite uncertainty
On the go: Policy makers should pursue pension reforms despite the current economic uncertainty, as delays would put at risk the well-being of current and future pensioners, the OECD has warned.
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NewsRetirement standards compromised by changes in pensions system
On the go: Changes made to the UK pensions system are positive for sustainability but are leaving savers’ retirement standards compromised.
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NewsProviders called to improve DC decumulation digital tools
On the go: Providers of defined contribution schemes need to “vastly improve” their digital offers so members can make the right choices in decumulation, warns Hymans Robertson.
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NewsAon warns of 'unintended consequences' from pension campaign
On the go: Aon has warned the Pensions Awareness Week campaign could have “unintended consequences” due to the current cost of living crisis.
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NewsLecturers’ USS lawsuit to proceed to the Court of Appeal
On the go: A lawsuit against Universities Superannuation Scheme directors alleging climate inaction and breaches of duty will be heard by the Court of Appeal.
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NewsLabour ‘should bring in workplace pension for self-employed’
On the go: A future Labour government should look to establish a workplace pension for self-employed workers, a centre-left think tank has said.
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NewsRetirement risks make UK drop to 10th in global pensions index
The UK slipped from ninth to 10th in Mercer’s latest retirement income survey, as the long-term shift from defined benefit to defined contribution leaves members facing greater retirement risks.
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OpinionRetirement outcomes: The buck stops where?
HUB Group chief marketing officer Stephen Lowe questions who is responsible for delivering better retirement outcomes for pension scheme members?
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NewsSavers accessing pension pots for the first time rises 18%
On the go: The number of pension pots accessed for the first time in 2021-22 jumped by 18 per cent, according to new figures from the Financial Conduct Authority.