Pensions minister Steve Webb yesterday told a group of HR and payroll professionals that “auto-escalation”, automatic increases in pension contributions in line with pay rises, could be next big step...
The House of Lords this week will examine amendments to The Pensions Bill to provide greater transparency of charges in pension plans.
Payroll and pension systems companies are split over Department of Work and Pension (DWP) amendments to auto-enrolment legislation.
HR directors need to “wake up” and ensure they offer good quality pensions as more employees take up workplace schemes through automatic-enrolment, a pensions expert has warned.
Workplace pension schemes that provide poor value for money are set to be investigated following the appointment of a new independent board, the Office of Fair Trading (OFT) has announced.
More than 80% of pensions-focused businesses expect the volume of changes affecting pensions to damage services they provide over the coming year, a survey suggests.
Almost two thirds of the first employers to automatically enrol their staff into workplace pensions found meeting the duties more difficult than anticipated, a not-for-profit pension scheme has said.
Plans to cap management fees charged by pension providers have been delayed, according to a pensions expert.
Women are not saving enough for their retirement and anticipate receiving nearly £4,000 less pension income each year than men despite working for 11 months longer, research has found.
The state pension age is set to rise to 70 after 2050, chancellor George Osborne has said.
The Pensions Regulator (TPR) has visited a number of recruitment agencies as part of an in-depth look at sectors that could face auto-enrolment compliance issues.
The Government has set out a range of proposals to reshape workplace pensions for future generations.