Thinktank floats retirement income targets

The pensions industry is being urged to bring in retirement income targets to help savers maintain their quality of life. The Pensions and Lifetime Savings Association (PLSA) wants living standards to be implemented to give savers realistic goals for retirement...

Inflation boosts lifetime allowance

Retirees stand to benefit from a £20,000 boost to the lifetime allowance in 2020/21, according to official figures. The Office for National Statistics revealed that the rate of inflation, determined by the Consumer Prices Index (CPI), remained at 1.7% in September...

Messages aim to promote pensions to the self-employed

Government-backed pension provider NEST is trialling emotive messages to nudge self-employed people to start saving for their retirement. The messages aim to persuade the self-employed to sign up for pensions through payment or accountancy platforms or trade and...

‘Pension freedoms age should increase’

The age at which people access their retirement savings through pension freedoms should be increased, the Association of British Insurers (ABI) has said. Introduced in April 2015, the freedoms extended the options for over-55s accessing their pension savings before...

Few savers on track for retirement

Most savers (56%) believe they are not stashing away enough money to fund a comfortable retirement. The statement comes from the Pensions and Lifetime Savings Association (PLSA), which polled 2,096 people. Only one in five respondents were confident they are on track...