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.

Women won't reach pension parity until 2028

Women in the UK will not reach the same pension savings as men until 2028, according to a Freedom of Information request from pension consultancy Broadstone.

Women underestimating impact of reduced working hours on their pensions

Just a third (34%) of women have considered the impact reducing working hours could have on their pension contributions, compared to 62% of men according to research from think tank Phoenix Insights.

Autumn budget 2022 pledges tax freezes and wage boost

Chancellor Jeremy Hunt gave his budget announcement to parliament today (17 November), as he officially announced the UK is in the midst of a recession.

Cost of living leads workers to opt out of pensions

More workers are opting out of workplace pension contributions as the cost of living continues to soar.

Firefighters win compensation in pension discrimination dispute

The Fire Brigades Union (FBU) has won compensation for almost 9,000 members from the government after successfully proving that changes to firefighter pensions were discriminatory towards younger...

Government urged to reform UK pensions system

The Pensions and Lifetime Savings Association (PLSA) has called on government to reform the UK pensions system through recommendations that could see median earners’ savings boosted by 25%.

Green pensions increasingly important to workers

Workers are favouring companies that offer green pension plans, according to research from Scottish Widows.

Pensions