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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.


    • Latest News
    • Retirement
    • Pensions

    WTW proposes four alternatives for ‘broken’ DC pensions

    by Rob Moss 9 Oct 2024
    by Rob Moss 9 Oct 2024

    WTW proposes four DC pensions alternatives to improve retirement income while avoiding additional risks for employers.

    • Latest News
    • Pensions

    Consultation opens on expanding CDC pensions

    by Jo Faragher 8 Oct 2024
    by Jo Faragher 8 Oct 2024

    The government has launched a conversation on expanding the use of CDC pension schemes.

    • Latest News
    • Economics, government & business
    • Pensions

    What changes to pensions can we expect in the budget?

    by Steve Herbert 8 Oct 2024
    by Steve Herbert 8 Oct 2024

    With just weeks to go before Labour’s first budget, Steve Herbert considers the factors that may shape any changes to pension provision.

    • Latest News
    • Economics, government & business
    • Pensions

    Employers’ pension contributions could attract national insurance

    by Rob Moss 1 Oct 2024
    by Rob Moss 1 Oct 2024

    Former pensions minister suggests Treasury likely to raise billions through a national insurance charge on employer pension contributions.

    • Auto-enrolment
    • Childcare
    • Latest News

    Childcare costs stop millennials from saving for retirement

    by Jo Faragher 30 Sep 2024
    by Jo Faragher 30 Sep 2024

    Six in 10 millennials are struggling to save for retirement thanks to childcare responsibilities, Phoenix Group has revealed.

    • Auto-enrolment
    • Latest News
    • Retirement

    Pensions auto-enrolment should start age 16

    by Rob Moss 16 Sep 2024
    by Rob Moss 16 Sep 2024

    Auto-enrolment should apply between age 16 and 74 and employers should contribute even when employees do not, says new report.

    • Auto-enrolment
    • Latest News
    • Retirement

    Only a quarter of employers feel their DC pension adequate

    by Rob Moss 10 Sep 2024
    by Rob Moss 10 Sep 2024

    Just one in four UK employers think their defined contribution pension is adequate, according to WTW research.

    • Latest News
    • Wellbeing
    • Retirement

    How can employers help with retirement anxiety?

    by Stephanie Twidale 3 Sep 2024
    by Stephanie Twidale 3 Sep 2024

    What role do employers and government have in making employees feel more secure about their retirement finances?

    • Case law
    • Latest News
    • Part-time working

    Reservist wins landmark Territorial Army pensions case

    by Jo Faragher 16 Aug 2024
    by Jo Faragher 16 Aug 2024

    A retired major has won a landmark case against the Ministry of Defence that could mean thousands of reservists will receive army pensions.

    • Auto-enrolment
    • Carers
    • Latest News

    Caring responsibilities ‘key driver’ of gender pensions gap

    by Rob Moss 14 Aug 2024
    by Rob Moss 14 Aug 2024

    Time women spend out of paid work for caring responsibilities one of most significant contributing factors to gender pensions gap.

    • Canada
    • Local authorities
    • Latest News

    UK government looking into ‘Canadian pensions model’

    by Jo Faragher 7 Aug 2024
    by Jo Faragher 7 Aug 2024

    The UK government could follow a Canadian pensions model that would see it consolidating government pension schemes into fewer, larger schemes with a better return.

    • Case law
    • Latest News
    • Pensions

    Court of Appeal upholds Virgin Media pension ruling

    by Zoe Wickens 29 Jul 2024
    by Zoe Wickens 29 Jul 2024

    Court of Appeal upholds ruling that a written actuarial confirmation was needed for changes to Virgin Media pension scheme’s rules.

    • Auto-enrolment
    • Financial wellbeing
    • Latest News

    Worries about retirement finances affect work for a fifth

    by Jo Faragher 25 Jul 2024
    by Jo Faragher 25 Jul 2024

    One in five workers between the ages of 40 and 60 are so worried about retirement finances it is impacting their work.

    • Financial wellbeing
    • Latest News
    • Inflation

    Majority of employees worried about basic living costs

    by Jo Faragher 24 Jun 2024
    by Jo Faragher 24 Jun 2024

    Almost nine in 10 employees are worried about paying for basic living costs, and four in 10 ‘live payday to payday’, according to new research.

    • Auto-enrolment
    • Financial wellbeing
    • Latest News

    More employees fear they won’t be able to afford retirement

    by Jo Faragher 20 Jun 2024
    by Jo Faragher 20 Jun 2024

    Nearly two-fifths of workers in full-time employment think they will never be able to retire because they can’t afford it, a survey has found.

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