I t signals a strategic shift in how the sector approaches adequacy, inclusion and long-term sustainability...Better pensions : Ensuring adequacy and fairness across cohorts
We‘ll actively engage with them over adequacy, the un-pensioned, consolidation and default decumulation, amongst other issues
“I hoped to see a greater focus on pension adequacy, but that may be tackled separately in the Pension Review.”...That will definitely include adequacy and I think it’s possible there will be a stocktake on the age and value of the State Pension as well.”
For the pensions sector it underlines the importance of getting the blueprints right for the UK’s future systems, underpinning the work we have done on improving pensions adequacy, set out in our final report on the Five Steps to Better Pensions , launched in October
There has been a lot of progress made through automatic enrolment but continued efforts to ensure adequate retirement provisions will be important going forward. #Adequacy #DC #Event #DC-alltopics
Pensions Review: The first phases of the Pensions Review focused on consolidation and adequacy to improve scheme efficiency and boost economic resilience
The debate saw strong cross-party support, with MPs raising key issues around adequacy, fiduciary duty, and investment powers
The report draws on new research on adequacy and the positive steps taken by the government since the last report, such as maintaining the triple lock on state pensions and the passing of legislation which enables ministers to expand automatic enrolment coverage
The PLSA Annual Conference 2024 has several sessions on pensions adequacy and how we can help people achieve a better income in retirement. The programme is now live – find out more and book your place now . #Event #Adequacy
View the slide deck: The UK landscape 2024 Simon Sarkar, Head of Research, PLSA #DB-alltopics #DC-alltopics #Adequacy #Financialwellbeing
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