Blogs

  • Retirement income in the multiverse of projections

    16/06/2022

    The idea of parallel universes has been a popular subject in the sci-fi genre for decades. Little does the public know that their retirement income projections are already living in one. The recent FRC consultation on a proposed revision of their projection basis known as AS TM1 highlighted the inconsistency in pension projections across different providers and communications channels. That means the retirement income forecast you receive, even from the same provider, could be based on different assumptions and are not directly comparable. What can be done to bring the fragmented projection universe back into one, so consumers can have a single, simple, reliable estimated retirement income when planning their retirement?

  • Time for action on the advice gap

    06/05/2022

    Simplifying pensions language

    The Government and FCA have acknowledged that people need more help in making decisions about accessing pensions, as well as starting to invest. The Queen’s Speech is an opportunity to set a new direction for advice so that providers can offer more support when customers need it.

  • Pensions Dashboards: The blind men’s elephant

    03/02/2022

    The ABI launched two reports on the future of pensions dashboards earlier this month. The research projects looked at the industry’s expectations of dashboards and user reaction to different potential dashboards functions respectively. With the DWP’s consultation on Dashboards regulations published earlier this week, Evey Tang reflects on the significance of the research findings and what the industry can expect next in this blog.

  • Change advice rules to help customers choose pension withdrawals

    12/07/2021

    Pension withdrawals are the key remaining challenge in helping people to navigate pension freedoms. Deciding when and how much income to draw from a pension can be complex, and people need far more support than most are currently getting. Changing the advice rules would enable providers to do more to help customers with these choices, building on the example set by investment pathways.

  • Combatting pension scams: tactics learnt from public health experts

    11/02/2021

    What lessons from the pandemic can be used to tackle pension and investment scams? ABI's Evey Tang looks the tactics used to combat coronavirus and how they can be applied to pension and investment scams.

  • 'A positive force in people’s lives'

    21/12/2020

    Yvonne Braun, Director of Policy, Long-term Savings and Protection, answers questions on how customers can be better supported through – and beyond – the Covid-19 crisis.

  • What more can be done to help people with retirement decisions?

    04/12/2020

    Our Head of Long-Term Savings, Rob Yuille, looks at what more needs to be done to help people make decisions at retirement, examining the essence of the problem and the direction of the solution.

  • How we can “level up” on pension contributions for the low paid

    13/10/2020

    When AE was first introduced in 2012, only 40% of private sector workers saved into a workplace pension; now 86% do.

  • Removing risk from platform migrations

    24/09/2020

    Remote working as a result of Covid-19 has brought the power of digitalisation to the fore, and as public health measures change how consumers interact with services across the economy businesses are…

  • Pots of Gen Z gold at the rainbow's end

    16/09/2020

    If coming-of-age in 2020 was a film, it might be classified as a horror. Along with many cancelled holidays, a messy A-levels results day and an unforgiving job market, the new financial…