UK workforce facing savings crisis

The financial crisis has dented the UK's savings culture, according to research by Now Pensions.

Auto-enrolment hits one million mark

One million workers have been automatically enrolled into a workplace pension, The Pensions Regulator has confirmed.

How to engage your employees over pensions and other benefits

If you have ever sat at your desk, scratching your head and wondering why so many of your employees do not even look at their benefits options, let alone make selections, auto-enrolment could be the...

Call for flat rate tax relief on pensions

The Pensions Policy Institute (PPI) has called for a flat rate of tax relief on pension savings to encourage low and middle earners.

OFT concerned about workers' pension deals

A number of concerns about the way the workplace pensions market operates have been identified by watchdog the Office of Fair Trading (OFT).

Government to lift NEST restrictions by 2017

The Government has said it will lift restrictions placed on the National Employment Savings Trust (NEST) in 2017, meaning employees will be able to save more and transfer existing pensions into the...

Government calls for evidence on pension scheme quality

The Government has launched a call for evidence into quality standards in workplace defined contribution (DC) schemes in an effort to protect savers automatically enrolled into a pension.

Police pensions may be cut for misconduct

Police officers who commit serious misconduct should have their pensions docked, a group of MPs has said.

Employers failing to provide adequate annuity support: NAPF

Retiring employees are not receiving adequate support when it comes to choosing their annuity, potentially losing up to a £1bn in savings, according to a new report by the National Association of...

Government to scrap PPF cap for long-serving staff

The amount of pensions compensation long-serving staff can receive if their company folds will increase under Government reforms to pensions legislation.

NHS probe launched on effects of raised pensions age

The Working Longer Review – a group of NHS employers, trade unions and health officials – has launched a consultation to explore the effects of an ageing workforce on the provision of health services.

Over half of businesses 'unprepared' for auto-enrolment

Employers are being urged to start preparing for auto-enrolment 18 months before their staging date.

Pensions