Automatic Enrolment: 5 reasons why your younger workers shouldn’t miss out

Automatic Enrolment: 5 reasons why your younger workers shouldn’t miss outNew research has shown that whilst many more people are saving for retirement, younger workers are still lagging behind. The research from Scottish Widows has shown that just two years in, Automatic Enrolment looks to be succeeding in helping more people save for retirement. According to the report:   50% of people earning between £10,000 and £30,000 a year are now saving adequately for retirement, up from 34% in 2012 The number of people aged between 30 and 49 saving enough for retirement has ...

Automatic Enrolment: Government introduces charge cap and bans commission

Auto EnrolmentIn the second major shake up to pensions in little over a week, the Government has announced that charges on all schemes used to automatically enrol workers will be capped. Over the next few years, all workers over the age of 22 and earning above a set level, currently £9,440 per year, will be automatically enrolled into a workplace pension. Our ...

Pensions: Call for contributions to be made compulsory

Everything you need to know about deferring your State Pension_iStockphotoPaying into a pension should be made compulsory according to at least one leading think tank. With the average pension pot worth approximately £33,000 and people live longer, there is growing concern that people are not saving enough for their retirement. Now Policy Exchange, a think tank linked to the Conservative party, are calling for the Government to make saving for retirement compulsory. End Automatic Enrolment opt-out In an effort to improve retirement incomes, all workers aged ...

Automatic Enrolment: Contributions to workplace pensions set to fall

Auto EnrolmentA new survey looking into the trends in workplace pensions has found that contributions are set to fall over coming years, largely due to the implementation of Automatic Enrolment. The 2013 pension trends survey, published by the Association of Consulting Actuaries (ACA), uncovered some revealing statistics after contacting over 300 employers: Our advisers can help you make the ...