The gaping gender gap in pensions

When it comes to pensions and retirement, the options for men and women are far from equal. But with knowledge and action, it’s possible for employers to make a significant difference.

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Insights

How can HR support the millions delaying retirement?

According to data from Opinium Research, compiled on behalf of Legal & General, 2.5 million pre-retirees will have to delay retirement because of the economic downturn, with 1.7 million expected to...

A fifth of private sector workers are not saving for pensions

Economics research institute The Institute of Fiscal Studies (IFS) has reported almost a fifth of working-age private sector employees (around 3.5 million people) do not do any pension saving each...

Government delays raising state pension age

The UK government has decided not to bring forward the date when the state pension age is due to rise from 67 to 68.

Oxford professors win age discrimination case

An employment tribunal has ruled that Oxford University was "not legally justified" in forcing four academics to retire at age 68.

Consolidation: an easier way to run defined benefits pension schemes

Most defined-benefit (DB) pension schemes are now closed; they present a legacy financial and admin burden to HR rather than being part of an ongoing benefit package.

Single mothers missing £852 million in pension contributions

Working single mothers have missed out on an estimated £852 million in pensions savings because they are not covered by the auto-enrolment scheme introduced in 2012.

Spring Budget 2023: What does it mean for HR?

Chancellor Jeremy Hunt gave his 2023 budget announcement to parliament yesterday (15 March), prioritising expanding the workforce and changes to pensions.

Pot-for-life posed to solve UK’s pensions problem

Employees could be given the power to choose their own pension provider in a move that could see the end of staff having to close one pension down and start a new one every time they change jobs.

Government postpones centralised pensions dashboard

The government has announced a further delay to the Pensions Dashboard Programme which seeks to provide a centralised service for people to find and interact with their state, employer and private...

Ethnic minority workers failing to take up workplace pensions

Just 25% of workers from ethnic minorities have a workplace pension, well below the national rate of 38%.

CIPP partners with Pensions Management Institute

The Chartered Institute of Payroll Professionals (CIPP) has partnered with the Pensions Management Institute (PMI) to exchange member benefits.

Pensions