Under pensions auto-enrolment, UK employers are legally required to set up a workplace pension for all qualifying employees.
The government introduced auto-enrolment in 2012 to help more people save for their retirement. Since then around 10 million people have been auto-enrolled and are saving for their retirement with their employer’s help. Employers currently contribute a minimum of 3% and employees a minimum of 5% but there are calls for these amounts to increase.
The government will guard against employers levelling down pension contributions, the pensions minister has told Personnel Today.Mike O’Brien, minister for...
Why is it important?For the 450,000 or so adult education students who will sign up to study anything from tai...
Who's closed their final salary pension schemes? We keep you up to date with trends in the world of occupational pensions
Proposals for a National Pensions Saving Scheme, or Personal Accounts scheme, as it has become known, have received broad backing...
The government has announced details of a new savings scheme to provide all employees with the right to a workplace...
The National Pension Savings Scheme (NPSS) White Paper was published just before last Christmas, with little fanfare. There has been surprisingly little...
The CBI has called on the government to provide a package of financial support to help employers implement its new...
Employers groups and unions have broadly welcomed the government’s pensions White Paper outlining the workings of ‘personal pension accounts’. The...
Employers and insurers broadly welcomed the publication of the long-awaited Pensions Bill last week. The Bill proposes reinstating the link...
The average pension contribution from FTSE 100 employers to defined benefit pension schemes has increased to almost 10% of an employee’s...
Pension reforms must be made to work for smaller firms that cannot afford HR departments, the government has warned.
James...
If you want your employees to value their company pension you must tell them regularly about the benefits of saving,...
Employers will need strong support from the government if its White Paper pension proposals are to succeed, the CBI will...
About 2.5 million workers in the UK believe that the state will provide an adequate income when they retire, despite it being just £84.25 a week for single people, research has found
Demise of final salary schemes heralds growth in defined benefit pensions.
