Pensions

Half of women may be forced to work beyond retirement age

Older female workers fear that a state pension may not be enough to live off when they reach retirement age.

Employees in favour of taking early pensions

A day after the government closed its call for evidence around state pension age changes, new research reveals a significant proportion of workers support the idea of being able to access their state...

Private sector HR failing to support young workers with their pensions

Young workers aged between 16 to 21 in the private sector are participating in workplace pension schemes at a much lower rate than their public sector counterparts.

Workers urged to double pension savings to manage cost of living increases

Millions of workers face having only a ‘basic’ level of income at retirement because they are not saving enough.

Single-mother pensions dropping rapidly post pandemic

The average value of a pension fund for a single mother in the UK has dropped by 40% since the start of the pandemic.

Auto-enrolment of pensions benefits millions but it’s not enough for retirement

Yesterday (5 January) Conservative MP Richard Holden put forward a Private Member’s Bill to extend pensions auto-enrolment to 18-year-olds and those in part-time or low-paid work.

Sustainability or value? Navigating the pensions maze

While many have a preference for trustee-based pension schemes, the cost of running an own-trust scheme has sky-rocketed in recent years, leading to the growth of master trusts, but they are not...

More action needed to address workers' money worries

HR directors have said financial concerns, compounded by the pandemic, are causing significantly more employee stress and better support is needed to address them.

Pensions still number one employee benefit

The COVID-19 pandemic may have made wellbeing and flexible working more important to employees, but pensions have remained the most in-demand employee benefit.

UK women hit by gender pension gap at every stage of their career

The gender pension gap is already at 17% at the beginning of a women’s career and increases to 56% towards their retirement.

Closing the gender pension gap: What can employers do?

It’s 50 years since it became illegal to pay women less than their male counterparts, yet the gender pay gap means women are still paid 15.5% less than men. The financial gap gets a whole lot wider...

What Brexit and coronavirus mean for GDPR

Last month marked three years since the introduction of the General Data Protection Regulation (GDPR). Though the contents of the law have remained unchanged since 2018, Brexit and coronavirus mean...

Pensions