UK should copy Australian pension schemes to boost investment, says Phoenix boss

The boss of the UK's biggest pensions and savings business has said Britain's retirement funds should be more like Australian and Canadian schemes. Phoenix Group chief executive Andy Briggs called for a shake-up of pensions ahead of Rachel Reeves's budget next month. More must be done to encourage investment in the UK and boost the amount being saved by workers, Briggs said.

Plea: Phoenix Group chief exec Andy Briggs (pictured) says more must be done to encourage...



Jessica Clark.