Businesses must take more action to ensure they provide Sharia-compliant pension schemes for their Muslim employees.
A rise in the number of people retiring early is the main reason for joblessness among older people in the UK.
Damning research by the Association of Independent Professionals and the Self-Employed (IPSE) finds 61% of umbrella company workers say they see no benefit to being employed under this arrangement.
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.
Millions of workers face having only a ‘basic’ level of income at retirement because they are not saving enough.
The average value of a pension fund for a single mother in the UK has dropped by 40% since the start of the pandemic.
HR directors have said financial concerns, compounded by the pandemic, are causing significantly more employee stress and better support is needed to address them.
The gender pension gap is already at 17% at the beginning of a women’s career and increases to 56% towards their retirement.