Pensions revolution will compel 10 million people to start saving

Automatic pension scheme will target private sector workers, where those saving for old age dipped under 3 million last yearA scheme to enrol millions of people into workplace pensions automatically will be launched on Monday. Up to 10 million are expected to be enrolled eventually in what is hailed as the biggest pensions revolution since […]
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Boardroom pay needs overhaul, say leading pension funds

Group led by Hermes EOS calls for three-year bonuses linked to earnings per share to be replaced by simpler schemesBritain’s biggest pension funds have called for a radical overhaul of boardroom pay in an effort to end the “jackpot” payouts to top bosses.The pension funds, led by the influential Hermes Equity Ownership Services, are calling […]
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Pension funds back George Osborne’s infrastructure plan with £4bn

Chancellor’s vision of building recovery with private cash for roads, high-speed railways and power stations a step closerBritish pension funds aim to launch a multibillion-pound infrastructure fund next year that will invest up to £4bn in government projects from roads and high-speed rail lines to power stations.The Pension Protection Fund and the National Association of […]
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Workplace pensions shake-up

Steve Webb says a consultation to simplify occupational pension schemes could see a ‘bonfire of the regulations’The government is planning to reinvigorate workplace pensions by conducting a “bonfire of the regulations” in the spring.Pensions minister Steve Webb said the Department for Work and Pensions would conduct a formal consultation into which rules should be scrapped, […]
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Workplace pensions set for shake-up, says minister

Steve Webb says a consultation to simplify occupational pension schemes could see a ‘bonfire of the regulations’The government is planning to reinvigorate workplace pensions by conducting a “bonfire of the regulations” in the spring.Pensions minister Steve Webb said the Department for Work and Pensions would conduct a formal consultation into which rules should be scrapped, […]
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