Automatic enrolment set to double private pension income
Automatic enrolment (often referred to as auto-enrolment) could almost double private pension income (also referred to as personal pension income) by the time people now starting work reach their retirement, according to the department for work and pensions (DWP).…
Pension reform and auto-enrolment
Around 600,000 people are expected to be automatically enrolled into a workplace pension by the end of the year under a new system that automatically diverts funds from their pay packet.
Auto-enrolment begins on 1 October 2012 and will mark …
Auto-enrolment planning remains “work in progress” for small firms
Almost two-thirds (65%) of the UK’s small businesses are no nearer to enrolling their staff in a workplace pension required under new legislation, according to a new report from the Chartered Insurance Institute (CII) called “Advice Needed!.
Research conducted among …
What is ‘G Day’
G Day (21st December 2012) – is when men and women have to be treated equally when it comes to insurance premiums and pension annuities. G Day has been brought about in order for the UK to comply with …
Man v Woman – Who contributes more to pensions?
Over a third (37%) of women aged over-50 do not have a private pension, compared to a fifth (20%) of men.
Of the women that do have a pension, 16% in or nearing retirement have decreased the amount they have …