Pensions

Women's pension gap worsens with age

New data from Legal & General has revealed the pensions gap for women in their 20s is still 16% - an improvement of just one percentage point since 2020.

How HR can ensure Muslim inclusivity with Sharia-compliant pensions

Businesses must take more action to ensure they provide Sharia-compliant pension schemes for their Muslim employees.

Lifestyle choice driving unemployment in older workers

A rise in the number of people retiring early is the main reason for joblessness among older people in the UK.

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.

Employees see "no benefit" to working for umbrella companies

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.

Employees in favour of taking early pensions

A day after the government closed its call for evidence around state pension age changes, new research reveals a significant proportion of workers support the idea of being able to access their state...

Private sector HR failing to support young workers with their pensions

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.

Workers urged to double pension savings to manage cost of living increases

Millions of workers face having only a ‘basic’ level of income at retirement because they are not saving enough.

Single-mother pensions dropping rapidly post pandemic

The average value of a pension fund for a single mother in the UK has dropped by 40% since the start of the pandemic.

More action needed to address workers' money worries

HR directors have said financial concerns, compounded by the pandemic, are causing significantly more employee stress and better support is needed to address them.

Pensions still number one employee benefit

The COVID-19 pandemic may have made wellbeing and flexible working more important to employees, but pensions have remained the most in-demand employee benefit.

UK women hit by gender pension gap at every stage of their career

The gender pension gap is already at 17% at the beginning of a women’s career and increases to 56% towards their retirement.