Automatic Enrolment: Costs rise for employers

Automatic Enrolment: Costs rise for employersA couple of weeks ago, we predicted that costs would rise for employers, after the Government introduced a charge cap on pensions used for Automatic Enrolment. This week we can report our prediction has come true. Earlier last month, Pensions Minister Steve Webb, announced that the maximum charge on a default pension fund, used for Automatic Enrolment purposes, would be capped at 0.75% from April 2015....

Retirement: New survey confirms many people will work to age 70

A new survey has confirmed what many people have previously feared, that they will have to work longer before they retire. The research, conducted by the Association of Consulting Actuaries (ACA), found that over 50% of small and medium sized companies expect that by 2028, 25% of their workers to retire at age 70 or over, with working past the age of 68 becoming the norm. Dramatic changes are also expected sooner, with two thirds of companies expecting people to retire at 67, or later, by the end of this decade....