From the TUC

Pensions & Investment

“Levelling down” warning on workplace pensions

25 Sep 2014, by in Pensions & Investment

The ongoing roll-out of pensions auto-enrolment, which requires workers to actively opt-out of workplace retirement saving, is now widely regarded as a success by ensuring millions more people are enrolled in schemes with employer contributions. But official figures published today should end any complacency creeping in at the Department for Work and Pensions because they suggest that some companies may be…

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When a pension is no longer a pension

02 Sep 2014, by in Pensions & Investment

Wading through the remuneration reports of the UK’s biggest companies provides a glimpse of a different world. Easily overlooked among the array of multi-million pound salaries, bonuses and bumper share awards are details of executives’ pension arrangements. For 12 years the TUC’s PensionsWatch report has provided an insight into the multi-million pound pension pots amassed…

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Where now for workplace pensions?

21 Jul 2014, by in Pensions & Investment

All the signs are that so far pensions auto-enrolment, which requires people to actively opt out if they don’t want to contribute to a workplace pension, has been a great success. But I argue in a blog published over at Pensions Insight that the financial services industry is being rather unambitious in its thinking about how this can be built on…

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Pensions guidance – what about the workplace?

19 Jun 2014, by in Pensions & Investment

I have a blog post on the Pensions Insight website today looking at the debate about the guidance to be provided to pensions savers after the Government’s hit-and-run attack on the annuities market. The Government promised that those approaching retirement would receive free advice but ministers have yet to announce who will provide it and who will pay for it. I argue…

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The guidance guarantee: Reason no.346 why the Budget pensions proposals were not thought through

11 Jun 2014, by in Pensions & Investment

In the Budget the Chancellor announced that he was abolishing the requirement for Defined Contribution (DC) pension savers to turn their pensions pot into regular income though buying an annuity. He also said that from next April everybody would be entitled to a free guidance session on how to navigate their retirement options.  Everyone is…

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