Pension changes

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.

Higher retirement age increases rate of pension poverty

Raising the state pension age to 66 cost 65-year-olds at the edge of retirement an average of £142 per week for 2020/21 and plunged thousands into poverty.

UK minister for pensions promises reform

Minister for pensions and financial inclusion Guy Opperman has pledged to launch two consultations on the future of pensions in the UK.

Auto-enrolment of pensions benefits millions but it’s not enough for retirement

Yesterday (5 January) Conservative MP Richard Holden put forward a Private Member’s Bill to extend pensions auto-enrolment to 18-year-olds and those in part-time or low-paid work.

Auto-enrolment error fines soar

The number of businesses fined by The Pensions Regulator for pension auto-enrolment errors has risen 144% in the past year, according to EMW