Research has found that women don’t always pay into their pension pots. So, maybe its time bosses be more vocal why saving money is of importance.
BMW’s plan to join the likes of Tesco and Sainsbury’s in scrapping its existing pension scheme doesn’t sit well with employees.
Employers across the country, just like you, are helping to transform the UK retirement landscape by giving millions access to a pension scheme. But there are numerous aspects businesses need to take into account.
Over the next year alone, The Pensions Regulator has estimated there could be over 800,000 small employers just like you getting to grips with and trying to make time for auto-enrolment.
So you’ve heard about auto enrolment, you know it’s coming and, if you’re like many of the UK’s other small employers, you probably feel good about offering a scheme to your workers. But the one thing you could be struggling with is choice.
It’s sad yet true: after trading on the UK high street for 88 years, the last branch of BHS has been closed down – and former owner Philip Green is trying to weather the storm by putting “project Thor” in operation.
Just over a year after former chancellor George Osborne introduced pension reforms aimed at giving savers better access to their pension, the government has said it represents a “revolution” that has gone from “strength to strength”.
As a small employer, you may have already started enrolling your workers into a workplace pension. Understandably, some have questioned how easy it’ll be, but our experience so far suggests a more positive story than might have been expected.
Auto enrolment is complex and misapprehensions aren’t uncommon. To help employers navigate their way through, NOW: Pensions has “myth busted” five of the most common incorrect assumptions.
The UK, it seems, ranks ninth in the world for quite a few things, including its competitiveness and the performance of its economy.
Since the government’s recent overhaul of workplace pensions, employers have an ever-increasing responsibility and duty of care to their employees to ensure they fully understand their pension and are adequately saving for a comfortable retirement.
The government has announced changes to higher-rate pension relief. What do you need to know in advance?