The interim report from the Retirement Commission highlights the issue of undersaving for retirement and emphasizes the need for broader reforms to auto-enrolment. The report suggests potential changes to eligibility, contribution rates, and tax relief as part of a longer-term reform program. It also emphasizes the importance of intergenerational fairness and calls for the pension system to be adequate and suitable for the 21st century. Industry commentary has welcomed the report's comprehensive findings and the emphasis on creating a more effective pension system.
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The Second Pension Commission published its Interim Report setting out its findings so far and signposting its focus for its Final Report.
www.rpclegal.comExplore key themes from the Pensions Commission Interim Report and what they mean for advisers, paraplanners and self-invested pensions professionals.
www.barnett-waddingham.co.ukThe industry has welcomed the “breadth and ambition” of the Pensions Commission’s interim report, accepting the need for the sector to evolve to “meet the scale of the challenges ahead”.
www.professionalpensions.comThe minister responsible for pensions, Torsten Bell MP, described the interim report's findings in direct terms: "The Pensions Commission sets out clearly the scale of the challenge: not enough people are saving for retirement, and many of those that are aren't saving enough." The former Resolution Foundation director, who built his career on exactly this kind of income and wealth distribution analysis before entering Parliament, is well placed to understand the granular picture the Commission...
njsr.com.ngThe new Pensions Commission is expected to publish its interim report in the spring, commisioner, Nick Pearce, has confirmed, also emphasising the importance of effective implementation alongside policy design
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