There have been calls for the DWP to make the change
Reforms to the way that young workers start to build up their pension pot which could add close to another £100K to their retirement funds, have been missed once again, according to pensions provider Standard Life.
READ MORE: DWP bosses quizzed after 34,500 people told to pay back benefits with fines of up to £20,000 “Alongside the benefits for future retirement incomes, there is a wider economic benefit that pension capital can play in driving investment to sustainable and productive assets, ensuring optimal outcomes for savers remain at the centre of investment decisions.”
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