The government has been urged to create a national framework for measuring retirement adequacy, built around a minimum income threshold and target replacement rates.

The Government has published an amendment to the Pension Scheme Bill to limit the extent to which it can ‘mandate’ how defined contribution pension schemes invest.

Pension schemes trade body Pensions UK has urged the Government to withdraw the planned mandate power - allowing it to direct how pension schemes invest UK workers’ retirement savings - from its Pension Schemes Bill.

A planned £2,000 Treasury cap on annual salary sacrifice contributions will cut pension investing, according to industry pensions body Pensions UK. 

Almost a third (30%) of people now say they would increase their pension contributions if they undertook a pension review.

UK DB pension schemes continue to enjoy extremely positive funding positions, with XPS Group reckoning aggregate surpluses of £252bn on long-term targets, up from £187bn the previous year.

Some 190,000 people, a record number, engaged with forgotten retirement savings following this year’s National Pension Tracing Day on 26 October.

The State Pension Age (SPA) should only increase if there is a corresponding rise in healthy life expectancy, according to pensions sector trade body Pensions UK.

The pensions industry should drive small pension pots consolidation by 2030, trade body Pensions UK has urged.

The influential Pensions and Lifetime Savings Association (PLSA) has been relaunched as Pensions UK and is planning what it calls, “an ambitious new strategy for the next decade and beyond.”