Auto-enrolment – why it makes sense to plan ahead

With effect from October 2012, UK employers will be required to automatically enrol 'eligible jobholders' into a qualifying pension scheme.

DWP claims auto-enrolment could double private pensions income

Automatic enrolment could almost double private pension income by the time people now starting work reach their retirement, DWP research has shown.

News

UK employers not given enough time to consider EU plans threatening £300 billion in pensions costs, warns NAPF

The European Commission (EC) is “rushing through harmful plans” that could saddle UK pension funds with at least an extra £300 billion in costs, and its impact assessment for Solvency II-type rules...

TUC urges Government to prevent employers using pensions contributions to pay for consultancy around auto-enrolment

The TUC has called on the Government to ban employers from passing on the costs of taking advice from consultants on the implementation of their new legal duty to automatically enrol staff in a...

Pensions minister confident auto-enrolment will reverse the 15% slump in pension saving since 2007

Automatic enrolment will reverse the slump in pension saving, with around half of British firms with no pension provision choosing NEST for their workers, according to pensions minister Steve Webb, as...

Employers fail to cater for staff savings needs, Mercer reveals

Employees want more flexibility around their savings and pensions options but their employers are not catering for their needs, according to data from Mercer.

Who said retirement was restful? Over 65s are 'living life to the full', finds NEST

Over 65s are more likely than anyone else to be enjoying life to the full, with social lives that most closely resemble the under 25s, according to the National Employment Savings Trust (NEST).

High Court ruling sheds light on issues surrounding the transfer of early retirement pension entitlements

The P&G vs Svenska Cellulose case, being hailed by many as a landmark ruling, provides much needed guidance on the pension implications of the sale of a business under TUPE.

High rate taxpayers fail to claim tax relef on pensions, reveals Prudential

Nearly six out of 10 higher rate taxpayers are failing to claim the full tax relief (worth 40%) they are entitled to receive on their pension contributions, according to independent research...

UK auto-enrolment duty could cost up to 10% of company payroll, says Eversheds

From October 2012, legal requirements are being introduced that will ultimately place a duty on UK employers to automatically enrol eligible workers into a qualifying pension scheme and pay minimum...

DWP identifies 11 million not saving enough for retirement

Almost 11 million UK employees are facing inadequate retirement incomes, according to figures from the Department for Work and Pensions (DWP).

Pensions Regulator warns businesses are underestimating how long it will take to prepare for pensions auto-enrolment

The Pensions Regulator (TPR) has urged employers to step up their preparations for automatic enrolment, as evidence emerges that businesses are underestimating the time it will take to get ready.

Pensions