Pensioners are £20 a week better off on average than people of working age, after a wave of affluent individuals reached retirement age, the Resolution Foundation has found.
Labour’s shadow chief secretary to the Treasury Rebecca Long Bailey has called for pension scheme members across local government to be given a greater say in where investments are made.
Public sector pension liabilities have increased by around a third since 2009-10 and the government’s exposure to risk as a result is “significant and challenging”, auditors have...
Pensioners aged over 75 are thousands of pounds a year worse off than both their younger ‘baby boomer’ counterparts and working age adults, according to the charity Independent Age.
The single tier pension, which comes into effect today, could spark widespread disillusionment as it falls to meet a pledge to simplify the system and many people could receive less than they...
Local authority pension schemes will today submit plans to government to pool their assets into so-called British Wealth Funds, with seven proposals now set to be submitted for approval.
Members of the civil service pension scheme experienced “hardship, distress and inconvenience” when administration moved to the partly mutual firm MyCSP, a National Audit Office investigation has...
A committee of MPs have launched an inquiry into ‘intergenerational fairness’ in order to consider concerns that older baby boomers are accumulating wealth at the expense of younger generations.
There is widespread confusion over the impact of the government’s state pension reforms as information produced on the changes has been confusing and sometimes contradictory, a report by the work and...
UK pension reforms may well fall down in practice unless the economy and employment levels stay strong, the Organisation for Economic Cooperation and Development has warned.
The triple lock on state pensions needs to end as it will become “prohibitively expensive”, Institute of Fiscal Studies director Paul Johnson has argued.
Michael O’Higgins, former chair of the Pensions Regulator, has been appointed to chair the Lancashire County Pension Fund and London Pension Fund Authority's investment partnership.
Pensions expert Michael Johnson has called on public sector pension schemes to “get on the front foot” and develop further reforms in the face of a “cashflow crisis”.
Last year’s Freedom and Choice reforms tore up the consensus that pensions policy needs to smooth income over retirement. However, research suggests that individuals still value pension...
Tackling local government pension scheme deficits should be the main focus for newly appointed local government secretary Greg Clark, according to a survey out today.
Controversial public sector pension reforms being introduced today for teachers and NHS staff still leave the schemes ‘relatively generous’ compared to the private sector, an analysis has found.
There’s little evidence to suggest that workers with defined contribution pension pots have the financial savvy to make wise choices with their money. A default automatic income plan would help...
Chancellor George Osborne has announced ahead of today’s Budget that savers who have already bought an annuity will be able to cash-in their funds for lump sums from April next year.
Annuities reform was the big ticket item in the chancellor’s ‘makers, doers and savers’ Budget, but at what cost to the public purse? PF talks to pensions minister Steve Webb about...
