Pensions

How to motivate mid-life employees to save for retirement

Visualising retirement is key to maintain pension saving for employees aged 45 to 54, according to thinktank Phoenix insights.

12 months of 2023: September

In September, MPs campaigned for more laws around AI, pension auto enrolment was extended and research found most low paid workers were using food banks.

12 months of 2023: March

As we reach the end of the year, our 12 days of Christmas countdown revisits the key events of each month.

Pensions top employee priorities, but SMEs prize other benefits

The majority (90%) of UK workers say pension is the most important benefit their employer can offer, but this isn't the same for SMEs.

Pension auto enrolment to be extended to 18-year-olds

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).

Average UK worker has £28,000 in unclaimed pensions

In the UK, the average worker has £28,000 in stranded pension pots, according to new research from wealth manager Netwealth.

Most Brits in favour of lowering retirement age

A majority (69%) of UK workers have said the retirement age of 66 should be lowered, according to a new survey from investment comparison site Interesting Reviews.

Millions of low earners could be safely auto-enrolled in pensions

Almost 3 million low earners could afford to be auto enrolled in pensions due to mitigating circumstances, according to a new study by the Pensions and Lifetime Savings Association (PLSA).

Pension auto-enrolment at 18 supported by young adults

Most young people aged 11 to 27 (86%) support the UK government’s proposal to reduce the age of automatic enrolment from 22 to 18, according to a new study from pensions provider, NOW:Pensions.

Pensions education at work: swotting-up on savings

Pensions have been in the news a lot but do employees understand them? If not, how can employers step in? Dan Cave reports.

A fifth of private sector workers are not saving for pensions

Economics research institute The Institute of Fiscal Studies (IFS) has reported almost a fifth of working-age private sector employees (around 3.5 million people) do not do any pension saving each...

Single mothers missing £852 million in pension contributions

Working single mothers have missed out on an estimated £852 million in pensions savings because they are not covered by the auto-enrolment scheme introduced in 2012.