Pension

Key election pledges: What HR needs to know (part two)

In the run up to the general election on Thursday (4 July), we look at the key policy pledges that would impact HR. Today, we focus on apprenticeships, skills, pensions and benefits.

Reports to pension regulator increase

Reports to The Pensions Regulator (TPR) by employees concerned about auto-enrolment (AE) in their workplace pension scheme have risen, The Sun reported on 19 May.

CIPD pensions charter calls for major reform

A new pension charter signed by the CIPD and the Pensions and Lifetime Savings Association (PLSA) is calling for major reform including protecting the value of the state pension during the cost of...

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.

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.

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...

How HR can support staff with pensions worries

The current economic climate means there has never been a greater need for HR to be supporting their workforce with practical financial solutions that are affordable and make an impact. With inflation...

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.

UK workers forced to rethink retirement plans

UK workers are having to work for longer before retirement due to the increased state pension age, while receiving less money from their pensions than they would need to retire comfortably.

UK launches new pension scheme to boost retirement options

The UK government has unveiled a new pension scheme to provide workers with more options for their retirement funds.

Salaries failing to increase with inflation

The latest employee earnings data from the Office for National Statistics has revealed pay has stagnated, while the proportion classed as middle-earners remains unchanged.