Pension reform should be seen as part of the UK’s wider economic strategy, helping improve retirement outcomes as well as unlocking long-term investment, Pensions UK says.
A report from the trade body, published yesterday (12 October), set out that the UK needs a new pension settlement that delivers better retirements, stronger growth and sustainable public finances. The organisation said action must be taken now, warning the cost of delay "will exceed the cost of reform". Pensions UK added the debate must move beyond a "narrow discussion" of minimum contributions, towards a more ambitious settlement for adequacy, growth and fiscal sustainability. The report highlighted modelling by Oxford Economic, on behalf of Royal London, that shows higher pension s...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
