IFS: Latest report shows reforms needed to help individuals make good use of pension wealth in retirement - IFA Magazine

In the context of the negotiations between the social partners on the distribution system, a note shows that pension schemes would fall back into red shortly after 2040, even if the age of entitlement was raised by two years.

The Independent Tax Liability Authority (AIReF) has completed the first review of pension reform approved by the government in the last legislature with José...

AIReF notes that the pension reform is in line with the so-called spending rule, so no additional measures will have to be taken so far.

The report calculates an average expenditure of 13.2% of GDP, but the independent authority is very critical with the analysis commissioned by the government: "It is not an indicator of sustainability" And if you look at pension spending differently? One study points out that it is a “engine” of economic growth No additional adjustments will have to be activated in the pension system. It is one of the main conclusions of the expected report of t…

IFS: Latest report shows reforms needed to help individuals make good use of pension wealth in retirement - Wealth DFM

With rising reliance on defined contribution pensions, retirees face complex financial decisions. In the latest reports of the Pensions Review, led by the Institute for Fiscal Studies in partnership with the abrdn Financial Fairness Trust, we are reminded why advisers must help clients navigate risks, ensuring sustainable retirement income as new policies and default solutions emerge in the DC pension market. Private sector employees are increas…