Brits set their sights on affording comfortable retirement Personal Finance British adults have set their sights on affording a luxury retirement, but rising costs have soured some saver’s hopes. Nearly 8m Brits have made securing a comfortable retirement their main financial priority, according to research from consumer banking business Chase. A comfortable retirement allows more financial freedom and luxuries, such as holidays and greater non-essential [...]
Government urged to expand auto-enrolment to prevent pension poverty Investing The UK’s auto-enrolment contribution scheme should be reformed to prevent more workers slipping into retirement poverty, the Society of Pension Professionals (SPP) has said. In its latest paper, the SPP has called on the Pension Commission, which was revived in July, to consider changing auto-enrolment rates and look at factors causing weak levels of pension saving. While [...]