4.4 million extra people saving into workplace pensions
The latest figures from the Department for Work and Pensions (DWP) show that since 2012, the number of people saving into a workplace pension has increased by 4.4 million. This means that by 2015 – the latest date for which
Read more...Total pension savings up on back of Auto-Enrolment
Figures published recently by the Prudential have shown a significant increase in the total amount put away by UK workers towards their pension pots. UK workers’ pension contributions last year amounted to more than £9.3 billion – a 17 per
Read more...Cap on workplace pension contributions sparks concerns
Some of the UK’s biggest companies are said to be preparing to impose a £10,000 a year cap on workplace pension contributions; a sharp reduction from the current £40,000 annual allowance. Employers that hire tens of thousands of staff are
Read more...Small firms struggle with workplace pensions
A survey by the Federation of Small Businesses (FSB) has found that nearly half of the employers who must set up a workplace pension scheme for their staff in the next two years are confused about their responsibilities.
Read more...Pension savers still in the dark about tax
According to new research, more than half of pension savers are unsure of the tax rules surrounding the pension freedoms introduced earlier this year.
Read more...Pension top-ups ‘window’ opening soon
The government has issued a reminder that for a limited period starting in October, certain people will be able to make extra national insurance contributions to top up their state pension. Between 12 October 2015 and 5 April 2017, men
Read more...Pension participation hits new high
Workplace pension participation has hit its highest level in a decade with young people among the biggest winners, new research has found. Office for National Statistics figures published on 16 July revealed that overall, 70 per cent of eligible employees
Read more...