Workers are to be given the option of saving into new 'collective' pension schemes which ministers believe could boost their incomes by up to 30%, under plans to be unveiled in the Queen's Speech later this week.
The overhaul would see a worker's savings pooled with those of thousands of others, rather than being run individually, and smooth the risk to employers of running multiple pensions. Supporters of the...
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress