UK Pension Strategy Faces Scrutiny Amid Economic Growth Plans
Industry leaders urge balance between boosting the economy and ensuring retirement security as government reviews pension policies.
- Royal London CEO warns against prioritizing economic growth over retirement savings.
- Government's pension initiative aims to add up to £11,000 to retirement pots through diversified investments.
- Proposed changes to winter fuel payments could affect up to 2 million vulnerable pensioners.
- Industry taskforce suggests consolidating local council pensions to reduce costs and improve returns.
- Experts call for a long-term, cross-party approach to address the retirement savings shortfall.