Less than a quarter of UK pension schemes believe that the Pensions Regulator's (TPR) new code of practice will add value to their governance processes, a survey has uncovered.
The UK government should introduce auto-enrolment credits for career breaks and radically change the framework of occupational pensions to reduce the widening gender pension gap, MPs have been told.
There will be a modest increase in mortality rates following the COVID-19 pandemic and cost-of-living crisis, potentially slashing UK pension scheme liabilities by up to 2%.
Nearly half of UK pension schemes still do not have insurance against cyber attacks, and a similar proportion are lacking the specialist skills needed to deal with the threat.
One-quarter of UK workplace pension savers do not believe that their current levels of saving will allow them to get by in retirement, the Pensions and Lifetime Savings Association (PLSA) has found.