The 2015 pension freedoms reforms could risk being seen as a "failure" if the government and regulators do not take a more active role in supporting savers to make better decisions about their money, the Work and Pensions Committee (WPC) has warned.
Following its recent inquiry into pension options and advice, the WPC recommended that the government commits to trialling automatic Pension Wise guidance appointments, and set a target of at least 60 per cent to boost uptake of pensions guidance and advice
Transferring a defined benefit (DB) pension scheme to a superfund, such as Clara-Pensions, could provide savings of up to 10 per cent for employers, according to research by Hymans Robertson
Not enough pension scheme trustees are protecting savers by reporting suspected scams, according to The Pensions Regulator (TPR)
Pension providers representing £1trn of UK pension money have now made net-zero climate commitments, according to Make My Money Matter (MMMM)
The Department for Work and Pensions (DWP) has confirmed new regulations requiring occupational pension schemes to present guidance as a routine part of accessing pension savings, which are expected to come into force from 1 June 2022
Understanding the importance of diversity is one thing, putting diversity into practice is another. Francesca Fabrizi speaks to some of the pension firms that are leading the way with their diversity and inclusion strategies, to assist those who are looking to learn from their peers