The number of people not saving enough for a minimum retirement lifestyle has increased by 1.2 million people (3%) in the last year, a report from pensions provider Scottish Widows has revealed.
The government should introduce auto-enrolment (AE) saving schemes to help more people save, the Resolution Foundation has urged.
A bill to extend pension auto-enrolment to those aged 18 and over and remove a lower earning threshold immediately received Royal Assent after passing its third reading yesterday (18 September).
Workers aged over 45 in Greater London and the East of England have over 40% more in retirement savings on average compared with those in the Midlands and the North, according to research from think...
More workers are opting out of workplace pension contributions as the cost of living continues to soar.
Millions of workers face having only a ‘basic’ level of income at retirement because they are not saving enough.
The move to up contributions is welcome but educating employees on saving must be a priority, say experts
The number of businesses fined by The Pensions Regulator for pension auto-enrolment errors has risen 144% in the past year, according to EMW
The average amount being put into a workplace pension has fallen to an all-time low, despite an increase in the number of people saving for retirement