Automatic Enrolment: Labour proposes greater access for lower paid workers

Auto EnrolmentLabour has proposed changes to the Automatic Enrolment rules, which could see an extra 1.5 million workers join a workplace pension. At present only workers earning above £10,000 per year must be automatically enrolled. Employees earning between £5,772 and £10,000 are classed as ‘non-eligible jobholders’ and as such are not automatically enrolled. However, if they choose to join a workplace pension their employer must contribute. The threshold has led to criticism that millions of workers, the majority of whom are women, will miss out on a workplace pension....

Retirement: How can women reduce the gender income gap?

iStock_000002566191XSmallIt’s commonly known that women are generally paid less than men during their working life, but fewer people are aware that the gender income gap continues into retirement. A recent survey by Prudential has shown that women retiring in 2012 will receive, on average, £6,500 less each and every year, than men. To compound the problem, incomes for women retiring in 2012 were at their lowest levels since 2008, whilst retirement incomes for men actually rose. Part of the problem of course, is ...