Tag Archives: Workplace Savings News

retirement support

State Pension Age to rise to 68 by 2039

The Government has confirmed it will raise the state pension age (SPA) to 68 between 2037 and 2039, seven years ahead of the date range originally planned.  The accelerated rise…

Work & Pensions minister accuses previous Government of ‘tinkering’ for short-term gain

The new work and pensions minister, David Gauke recently criticised past Governments who ‘tinkered around the edges’ with pensions policy. Reported in the Financial Times, Gauke, who was appointed last June, following…

Gender pay gap

Mind the Gap

Gender Pay Gap reporting is well underway, with large organisations publically announcing their results over recent months. Whilst the basis for calculating gender pay gap is not a simple process,…

Pensioners looking better off… for the moment

As reported in the press recently, older people’s income has received a boost from private and workplace pensions in the last 40 years. In 1977, 45% of retired households received…

trade credit

Pension Freedom withdrawals hit record £1.9bn in Q2

A total of £12.7bn has been withdrawn from pensions since freedom and choice was introduced in April 2015, according to latest HM Revenue & Customs (HMRC) statistics. At the end…

Consultant providing advice

New companies and employers from 1 October 2017 – Immediate Auto Enrolment duties

From the 1 October 2017, all new employers are required to immediately comply with their employer duties with regard to Auto Enrolment. Automatic enrolment – employing staff for the first…

Money Purchase Annual Allowance- Our guide to the changes

Chancellor Philip Hammond announced plans to reduce the Money Purchase Annual Allowance from £10,000 to £4,000. It has been announced in July that this reduction is to apply retrospectively, from…