Freedom of pensions proposals ignored by employers

Seven in 10 employers have not informed staff about changes in freedom of pension proposals that come into force in April.

Financial education around retirement to become more widespread

About one-third (36%) of employers expect the provision of financial education and support at retirement to become more widespread, according to research by Close Brothers Asset Management.

News

Firefighters' pension plans pass Commons vote amid protests

Controversial plans to raise firefighters' pension age have passed a vote in the House of Commons despite members of the Fire Brigades Union (FBU) holding protests outside Parliament during a 24-hour...

‘Jobs tax’ abolished for employers taking on young apprentices

Employers will no longer have to make national insurance (NI) contributions when taking on apprentices under 25-years-old, chancellor George Osborne announced in his Autumn statement on Wednesday 3...

Financial education: whose job Is it?

HR websites and magazines have been flooded with articles about UK employers not providing any financial education to their employees, whereas well over half of employees would appreciate some.

More auto-enrolment fines to come, warn experts

Employers who do not take pensions regulations could face more fines for not complying with auto-enrolment within the set timeframes, according to pensions experts.

NAPF calls for independent retirement savings commission

NAPF chief executive Joanne Segars has called for an independent, non-political body to be set up to regulate retirement savings.

Momentum building towards April reform deadline, says Webb

Pensions minister Steve Webb has insisted the raft of pensions changes set for 6 April 2015 will be ready to be administered by that date.

Shadow pensions minister calls for trustee governance

Pensions schemes should be governed by trustees to ensure savers get value for money, shadow pensions minister Gregg McClymont has said.

Pensions update: what's changed since the Budget?

Pension reforms set out in this year's Budget have caused both companies and staff to reassess workplace saving schemes.

‘Lack of clarity’ stalling pensions reforms

A lack of information on proposed pensions reform is preventing providers from making changes in time for the implementation date of April 2015, according to NAPF chairman Ruston Smith.

One-third of retirees who work need to ‘make ends meet’

Almost one-third (31%) of people who class themselves still retired but still work do so to make ends meet, according to research by the National Association of Pension Funds (NAPF).

Pensions