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As the world marks Equal Pay Day today, Aegon’s head of pensions Kate Smith says women are being hit by a double whammy on pensions and pay.
If you are quiet you will hear the whoosh of kites being flown! It is that time of the year – with the Autumn Statement on the horizon, everyone wants their ideas to be considered. Some of those kites are a new age-related bonus system, a call for a ‘pensions bonfire’ (to get rid of complexity), and various suggestions of periods of no change and independent pension commissions.
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Six more providers have signed up for the Pensions Dashboard initiative which will aim to give consumers a central point to monitor all their pension arrangements.
Bristol-based Hargreaves Lansdown has called for mandatory annuity rate transparency and says the ABI should reinstate ‘annuity window’ rate tracking.
Mortgage market rules should be used as a blueprint for banning pensions cold-calling, a pensions firm has proposed.
The State Pension is not fit for purpose and should be replaced with a Workplace ISA and a new residency-based Senior Citizens’ Pension, a think tank says.
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