Employer contributions are crucial to boosting pension savings for over half (54%) of those enrolled in a defined contribution pension scheme in the UK, new research has revealed.
Big life and pensions companies are "running scared" of the Budget reforms and appear to be angling for the implementation date to be postponed, a Sipps firm chief executive has claimed.
A report on workplace pensions has found "encouraging" results showing significantly more employees have been saving adequately for retirement since the introduction of auto-enrolment.
Scottish independence could make "a mockery" of annuities and cause significant adverse affects for pensioners, an advisory firm fears.
The number of people saving adequately for retirement is the highest it has been since 2009 – standing at 53% - Scottish Widows has said.
Scottish Widows has announced two senior appointments including a new annuities and retirement income director as the company focuses on adapting to the reforms in the Budget.
Women are falling behind men in retirement savings by almost £30,000, according to Scottish Widows.
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