The UK government has unveiled a new pension scheme to provide workers with more options for their retirement funds.
Planning for retirement can feel overwhelming. But when your colleagues are informed and empowered about their financial future, it benefits everyone.
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.
Older female workers fear that a state pension may not be enough to live off when they reach retirement age.
Young workers aged between 16 to 21 in the private sector are participating in workplace pension schemes at a much lower rate than their public sector counterparts.
The average value of a pension fund for a single mother in the UK has dropped by 40% since the start of the pandemic.
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.
Businesses also expect the government to increase auto-enrolment minimum contributions beyond 8%