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Private workers to get guaranteed pension income for life in bid to close savings gap
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2
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Limited spectrum
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Left
(1)
The Guardian
Guaranteed pension income ‘resurrected’ for 17m private sector workers
Ministers propose new guided retirement scheme to help give savers protection for life
Business live – latest updates
Millions of private sector workers will be offered a guaranteed pension income for life under new rules designed to help them get the most out of their retirement savings.
Over the past 30 years, the majority of final salary pension schemes offering a set payout for life have closed. Workers have in…
3 Nov, 15:24
Centre
(1)
City AM
Private workers to get guaranteed pension income for life in bid to close savings gap
Private sector workers are set to be given access to guaranteed pension income for life, as the government aims to close the retirement savings gap between the public and private sector. Under new plans set out by pensions minister Torsten Bell on Tuesday, providers will be required to offer workers an annual income as standard [...]
3 Nov, 11:08
Right
(0)
No coverage from this perspective yet