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Gen X in 'retirement fools paradise' says report
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Whilst the majority of UK workers between the age of 43 and 58 have clear aspirations for their retirement, but only 12% have clear financial goals and a budget for retirement, according to a new report.
Chancellor considering lump-sum pension withdrawal limit cut
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Chancellor Rachel Reeves is considering cutting the lump sum savers can remove from their pension without having to pay tax, according to reports.
Read more: Chancellor considering lump-sum pension withdrawal limit cut
DWP launches CDC consultation
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The Department for Work and Pensions has today launched a consultation on draft legislation needed to extend Collective Defined Contribution (CDC) pension schemes.
Aggregate DB surplus rises to £476bn, says PPF
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The aggregate surplus of DB pension schemes increased to £476bn at the end of September, according to the latest Pension Protection Fund (PPF) 7800 Index.
Auto-enrolment should be extended, says PMI
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Auto enrolment should be extended and made more flexible while employers should offer short-term savings schemes to workers, according to a new report.