Savings

Auto-enrolment of pensions benefits millions but it’s not enough for retirement

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.

Women struggle more with poor financial wellbeing

Employers must do more to support women struggling with their finances, say experts

Pensions dashboards scheduled for next year

Experts have warned that data errors must be cleared up first for new pensions dashboards to be a success?

Employee ill health linked to low savings

A third of UK employers (34%) think that employees' high stress levels are a consequence of not having enough savings, according to Close Brothers

Pension scams cost victims £91,000 each

As regulators launch a campaign to warn against pension scams, HR also has a vital role in protecting employees

UK workers struggling to save

?UK employees say £361 more each month would allow them to save, equating to a national savings gap of £9.7 billion per month

Workplace pensions savings fall to all-time low

The average amount being put into a workplace pension has fallen to an all-time low, despite an increase in the number of people saving for retirement

Savings gap leaves women unprepared for retirement

Only 23% of female workers feel financially prepared for retirement, in comparison to 36% of men