Former pensions minister Steve Webb has defended communication of the new state pension, the triple lock and played down the concerns of women who will miss out under the new regime. Speaking to the Work and Pensions committee today, Webb hit back at claims the new system has been missold. Earlier this month, pensions minister […]
The Government has drawn up plans to apply an “emergency pause” to the rollout of auto-enrolment to small and micro firms. Ahead of a rapid increase in the number of firms hitting deadlines to enroll staff in schemes, the Department for Work and Pensions has plans in place to halt the programme if necessary, the […]
The last few weeks has seen several new lines of defence added to the tactical map of UK pension savings.
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Strong household borrowing figures for May suggest consumer spending has picked up in the second quarter, but add to concerns about household debt, say Capital Economics. Unsecured consumer credit growth rose £1.7bn, up from April’s £1.5bn and well above consensus expectations of £1.4bn. Capital Economics UK economist Ruth Gregory says the figures were “unexpectedly strong”. […]
Threesixty boss Young to come in as Ludlow’s new chairman
We are all fallible humans, each with a complex set of biases influenced by our past experiences and other incentives available to us. Contingent charging is an area where this bias is at its most extreme. But although it has been called for by some, I would not ban the model. The problem could well […]