Keeping track of your pensions
With the UK workforce no longer having jobs for life, it is becoming increasingly common for workers to build up several different pensions with different employers over their working lives.
These workplace pensions coupled with any personal pensions workers may …
OFT calls for pension reforms
An Office of Fair Trading (OFT) study of the defined contribution (DC) workplace pensions market has found some schemes are not offering value for money.
A particular area for concern is older higher charging contracts, may not be delivering value …
Auto-enrolment proves popular with workers
Only 9% of workers have opted out of automatically enrolled pension schemes.
Opt out rates were higher among those aged 50 and over than for other age groups.
Although auto-enrolment came in on 1 October 2012, individual employers’ duties …
The Herald quotes Farrell Financial Planning on auto enrolment
The Herald’s latest article on auto enrolment includes comments from our Managing Director, Joe Farrell.
See what he has to say on auto enrolment for businesses.
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Pension auto-enrolment starts for the UK’s largest firms
Auto-enrolment (automatic enrolment) into a workplace pensions starts today (1 October 2012) for companies with 120,000 or more staff.
Firms with fewer workers will be required to join over the next five years. Staff and employers will both …