Pensions

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.

Spring Budget 2023: What does it mean for HR?

Chancellor Jeremy Hunt gave his 2023 budget announcement to parliament yesterday (15 March), prioritising expanding the workforce and changes to pensions.

2023 Spring Budget expectations: worker shortages, pensions and IR35

On 15 March chancellor Jeremy Hunt's Spring Budget announcement is expected to unveil a range of measures to tackle some of HR's biggest problems such as worker shortages and the cost of living...

Pot-for-life posed to solve UK’s pensions problem

Employees could be given the power to choose their own pension provider in a move that could see the end of staff having to close one pension down and start a new one every time they change jobs.

Government postpones centralised pensions dashboard

The government has announced a further delay to the Pensions Dashboard Programme which seeks to provide a centralised service for people to find and interact with their state, employer and private...

Neglected talent pools key to boosting workforce participation

Women with children, disabled people, and traditionally post-retirement age workers hold the key to boosting employment participation rates according to new research published by the Resolution...

Ethnic minority workers failing to take up workplace pensions

Just 25% of workers from ethnic minorities have a workplace pension, well below the national rate of 38%.

CIPP partners with Pensions Management Institute

The Chartered Institute of Payroll Professionals (CIPP) has partnered with the Pensions Management Institute (PMI) to exchange member benefits.

Women won't reach pension parity until 2028

Women in the UK will not reach the same pension savings as men until 2028, according to a Freedom of Information request from pension consultancy Broadstone.

Women underestimating impact of reduced working hours on their pensions

Just a third (34%) of women have considered the impact reducing working hours could have on their pension contributions, compared to 62% of men according to research from think tank Phoenix Insights.

Cost of living leads workers to opt out of pensions

More workers are opting out of workplace pension contributions as the cost of living continues to soar.

Muslim workers in the UK face pension gap of £11.5 billion

Muslim employees face a pension gap of up to £11.5 billion, according to research from pension firm Penfold.