The Pensions Regulator (TPR) needs to "beef up" its advice to consumers about alternative to traditional annuities, according to Prudential.
Impaired life annuities could offset ‘unfair' rises in state pension age for groups with lower life expectancy, the pension minister has said.
In fewer than eight years there will be just one million defined benefit savers in the UK, while defined contribution schemes will cover 16 million workers, the Pensions Policy Institute predicts.
MPs should ditch their gold-plated pension arrangements and move to a defined contribution (DC) scheme, Saga director-general Ros Altmann says.
The government cannot encourage people to save more, amid concerns a decline in spending could shut off the economic recovery, policy experts say.
Shadow pensions minister Gregg McClymont has questioned what the government's drive for ‘defined ambition' pensions "actually means".
The Pensions Regulator (TPR) will aim to prosecute companies that wilfully evade their auto-enrolment duties.
The Pensions Regulator (TPR) has published a list of key features that defined contribution (DC) schemes "need to be able to demonstrate" to show they will deliver good outcomes for savers.
The government "will not come to a firm answer" on the question of small pension pot consolidation despite an industry-wide consultation on the issue initiated by pensions minister Steve Webb.
The Association of British Insurers (ABI) has downplayed the impact of charges on pension pots, pointing instead to the importance of increasing contributions and saving earlier.