A curate’s egg for pensions

Good news and bad for pension savers. The size of the average pension fund in the UK has risen considerably since the introduction of auto-enrolment (whereby employees are automatically signed up for their company pension scheme), according to pension provider Aegon. But most people still aren’t on target to achieve the income they hope for in their retirement years. The average pension pot in the UK is now £49,988, according to Aegon, up from £28,766 in April 2015. This rise is partly a result of pension auto-enrolment, but the introduction of the pension freedom reforms has [...]