Announcement has implications for UK employers.

PSLA recommendations could help bolster retirement security.

Announcement part of wider pension reforms.

Future pensioners could face “substantial financial difficulties”.

Figures show 16% of people aged 40 to 75 haven’t saved for retirement.

Most trust arrangements need to be registered by September.

New legislation aims to provide more transparency.

Ideal income equates to a moderate living standard.

Freeze expected to bring 17,000 more employees onto the scheme.