Government to give life expectancy estimates with pensions advice

Pensions minister Steve Webb has announced plans to give retirees rough estimates of their life expectancy as part of pensions advice from April 2015.

DWP halves prediction of auto-enrolment opt-out rates

The Department of Work and Pensions (DWP) has revised its forecast for the number of employees opting out of auto-enrolment pension schemes.

Thousands of SMEs 'underestimating' impact of auto-enrolment

The first wave of SMEs reach the staging date for auto-enrolment today, with pensions experts warning some may be underprepared for the undertaking.

Providers, businesses welcome 0.75% pension charges cap

Pensions experts and the wider business community have largely welcomed the Government's introduction of a 0.75% cap on workplace pensions charges. However, some reservations remain about its...

Companies face 'nightmare' delivering pensions advice

The chancellor's announcement that everyone with defined contribution (DC) pension schemes will receive face-to-face advice by 2015 will be difficult to deliver on time, according to independent...

Budget means £165 billion of pensions 'not fit for purpose'

Changes to the pension rules, specifically removing the need for annuities, mean that people who have 'lifestyle' choice pensions may have to rethink their savings plans, according to experts.

Business experts welcome ‘make or break’ budget

Several business groups have responded positively to yesterday’s budget, with the Confederation of British Industry (CBI) saying it will “put wind in the sails” of British investment.

Are SMEs heading for an auto-enrolment pensions provider crunch?

Auto-enrolment looms for small companies yet many are dreading the prospect as traditional pension providers become choosy. But there are ways to overcome this impasse

Budget: Big changes to rules on pensions

Pensions saw the biggest changes in the 2014 budget. From now on people will not be forced to buy annuities as all tax restrictions on people accessing their pensions will be removed.

Number of companies failing to comply with auto-enrolment could 'rise sharply'

The proportion of employers failing to comply with auto-enrolment has been low, but this should not lead to complacency, employee benefits company Jelf has warned.

Smaller employers 'under pressure' as auto-enrolment staging looms

Companies with impending staging dates for auto-enrolment may not have time to look through the options thoroughly and choose the best deal for their employees, advisers have warned.

Pensions minister singles out 'auto-escalation' as next step for employers

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...

Pensions