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News

 

UK Workers Show Support For Auto Enrolment Scheme

With Auto enrolment well underway for the UK largest business, we will begin to gain a more accurate view of the success of engagement for employees.

 

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Auto-Enrolment May Boost Pension Saving To 80%
Nearly two months after the start of the auto-enrolment scheme in the UK, the precise impact of its implementation is difficult to assess. However, according to an analysis by the Chartered Institute of Personnel and Development (CIPD), it could increase the number of employees saving up for their retirement to more than

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NAPF: 60% Of Brits Miss Out On Higher Annuity

Almost two in three UK workers are missing out on the opportunity to secure a higher income in retirement.
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The Future For UK Workers: Longer Careers, Saving Earlier For Pensions
Young people in the UK will have to start saving up for retirement as early as 25 years old to make sure they have enough in their pension pot to live comfortably in retirement
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NAPF: Large schemes more profitable than small ones

Large defined contribution schemes can be more profitable for members than small schemes, as they can lead to a 28% higher pension pot savings, the National Association of Pension Funds (NAPF) claims.
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Potential RPI change to hit pensions
The Office for National Statistics (ONS) has launched a consultation on changing a key inflation formula to which private pensions are linked, in a move that could see savers getting lower annual increases in their retirement money
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UK employees lack knowledge Of pensions
The start of the UK's auto-enrolment scheme has recently been the focus of much attention, leaving people who already save for a pension out of the spotlight. However, new research from professional advice search site Unbiased.co.uk reveals that many people lack knowledge about their pensions.
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Auto enrolment launches for large employers
The beginning of October saw the start of a brand new approach to UK pension saving. The launch of auto-enrolment aims to encourage British workers to start putting aside money for the time when they stop work
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Parents Could Use Pension Pots To Secure Children's Mortgage Under New Government Plans
The government is planning to provide a boost to home ownership by allowing parents to tap their pension pots to help their children buy homes or get a mortgage
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Half of employees in the dark about auto enrolment
More than half of UK employees are unaware of the scheme that will see them automatically enrolled in a workforce pension scheme
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UK employees fail to transfer pensions pots between jobs
According to a new study from pension provider Prudential, more than three quarters of UK employees have no clue about the current value of the pension pot...
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Most financial advisers view auto enrolment as opportunity
The implementation of auto-enrolment is increasingly regarded as a chance to increase the sales of new pension arrangements and group protection products.
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Pensioners benefit from QE, Bank of England claims
Contrary to concerns that pensioners' and older workers' income will be seriously dented by quantitative easing (QE), it appears that they have benefited the most from it, according to a recent report from the Bank of England.
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Study shows lack of effective retirement planning by nearly half of britons

A significant number of Britons aged over 18 are not effectively planning their retirement, with 44% of respondents to a survey by Baring Asset Management, saying their retirement would be funded by a source other than a pension, recent research shows.

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UK employers not ready for Auto Enrolment

The majority of UK businesses are still not prepared for the start of the auto enrolment scheme but believe they will manage to get ready by the time they are meant to join, a new poll from law firm Eversheds reveals.

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Bank Of England Announces More Quantitative Easing, NAPF Warns Pensions Will Be Hit
The Bank of England's monetary policy committee has announced its decision to launch a new £50bn round of quantitative easing (QE) that will bring the total amount to £375bn, in a bid to help the government to meet its inflation rate target of 2%.
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Study Finds That Men Save More For Pensions Than Women
According to recent research from Halifax, women in the UK are now putting significantly lower amounts of money aside for their pension pots than men do, just a few months before 10 million workers join workplace pension schemes under automatic enrolment, the Shropshire Star reports.
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