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Pensions

Workplace pensions are an important part of employers’ benefits and since auto-enrolment was introduced in 2012, all employers must provide a workplace pension for workers aged 22 and over who earn more than £10,000.

There are two main types of private pension: defined contribution (DC), a pension pot based on how much is paid in, and defined benefit (DB), usually a workplace pension based on salary and how long an employee has worked for their employer.

A third type, a collective defined contribution or CDC pension, lies somewhere in between with the employer and employee contributing to a collective fund which provides an income in retirement.


    • Auto-enrolment
    • Latest News
    • Gender

    Single mothers and divorced women face heightened gender pensions gap

    by Jo Faragher 15 Nov 2023
    by Jo Faragher 15 Nov 2023

    Single and divorced women face higher financial penalties when they retire, according to Scottish Widows.

    • Auto-enrolment
    • Latest News
    • Retail

    Morrisons to change pension contributions for hourly-paid staff

    by Ashleigh Webber 15 Nov 2023
    by Ashleigh Webber 15 Nov 2023

    Morrisons is set to change pension contributions for hourly-paid staff, lowering its employer contribution, a union has claimed.

    • Latest News
    • Pensions

    Universities face ‘eye-watering’ increase in pension contributions

    by Ashleigh Webber 13 Nov 2023
    by Ashleigh Webber 13 Nov 2023

    Rising pension contributions for many newer universities could impact staff retention, bodies representing the higher education sector have warned.

    • Auto-enrolment
    • NHS
    • Financial wellbeing

    Thousands opting out of NHS pensions

    by Ashleigh Webber 16 Oct 2023
    by Ashleigh Webber 16 Oct 2023

    Shortening the length of time for which opt-outs from auto-enrolment remain effective could keep more workers in the NHS pension.

    • Age
    • Latest News
    • Labour market

    Introduce three-day week for over 50s, says former minister

    by Ashleigh Webber 26 Sep 2023
    by Ashleigh Webber 26 Sep 2023

    The UK should adopt a three-day working week for the over 50s, former pensions minister Baroness Altmann has said.

    • Auto-enrolment
    • Earned wage access
    • Financial wellbeing

    Auto-enrolment into savings boosts financial wellbeing

    by Jo Faragher 18 Sep 2023
    by Jo Faragher 18 Sep 2023

    A research project by Nest Insights showed that requiring employees to opt out of saving boosted participation.

    • Auto-enrolment
    • Latest News
    • Pensions

    Pension contributions should double, says Abrdn chief

    by Rob Moss 4 Sep 2023
    by Rob Moss 4 Sep 2023

    Stephen Bird says contributions to workplace pensions must double to avoid a “very real crisis” in UK retirement income.

    • Age discrimination
    • Case law
    • Police

    Police Federation will not appeal discrimination ruling

    by Jo Faragher 19 Jul 2023
    by Jo Faragher 19 Jul 2023

    The Police Federation will not appeal a recent tribunal decision finding it had discriminated against officers who sought justice after being moved to an inferior pension scheme.

    • Latest News
    • Department for Work and Pensions
    • Pensions

    DC pension reforms announced by government

    by Zoe Wickens 11 Jul 2023
    by Zoe Wickens 11 Jul 2023

    DC pension reforms announced by the chancellor, Jeremy Hunt, in his Mansion House speech could result in a 12% uplift in outcomes for savers

    • Auto-enrolment
    • Latest News
    • Gender

    Gender pensions gap is more a ‘gaping chasm’

    by Rob Moss 6 Jun 2023
    by Rob Moss 6 Jun 2023

    DWP analysis shows a UK gender pensions gap of 35%, rising to 60% for people with their savings only in DC schemes.

    • General Data Protection Regulation
    • Data protection
    • Latest News

    Dozens of employers affected by Capita data breach

    by Ashleigh Webber 31 May 2023
    by Ashleigh Webber 31 May 2023

    Dozens of organisations have reported breaches of personal information held by Capita, which suffered a cyber attack earlier this year.

    • Economics, government & business
    • Latest News
    • Department for Work and Pensions

    Ministers put off decision to increase pension age to 68

    by Adam McCulloch 30 Mar 2023
    by Adam McCulloch 30 Mar 2023

    A decision to increase the state pension age to 68 has been put back, the government has announced.

    • Latest News
    • Living Wage
    • Retirement

    ‘Living Pension Employer’ scheme launched

    by Ashleigh Webber 21 Mar 2023
    by Ashleigh Webber 21 Mar 2023

    A 'Living Pension Employer' standard has been launched by the Living Wage Foundation to provide low-paid workers with security in retirement.

    • Zero hours
    • Latest News
    • Education

    University staff consider new offer but strikes continue

    by Rob Moss 15 Mar 2023
    by Rob Moss 15 Mar 2023

    University lecturers and other staff in higher education are continuing to strike despite having received new offers in disputes over...

    • Economics, government & business
    • Latest News
    • Inflation

    Budget 2023: childcare reforms and ‘returnerships’ announced

    by Ashleigh Webber 15 Mar 2023
    by Ashleigh Webber 15 Mar 2023

    The chancellor has confirmed plans to help get people back to work in his 2023 Budget, including the expansion of...

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