The current level of the full New State Pension is £159.55 per week (equivalent to £8,296.60 per year). The triple lock dictates it will increase in April 2018 by a rate equal to September 2017’s CPI, earnings growth or 2.5 percent whichever is the greatest.
Published: 18 October 2017
The Financial Conduct Authority (FCA) has provided an update into its investigations into the transfers of defined benefit pension schemes. ... View Article
Published: 7 October 2017
It will be implemented retrospectively from April 2017 and allow advice not only on pensions, but also on the general financial and tax issues relating to retirement for employees. Comment Jonathan Watts-Lay, Director, WEALTH at work.
Published: 4 October 2017
We have also seen a significant uplift (37 percent in 2012 to 71 percent in 2016) in the proportion of people on the average UK income (i.e. who earn between £20,000 and £30,000) saving into a pension; More than four out of five (82 percent) of employees say they have heard of automatic enrolment.
Published: 2 October 2017
The data shows the distribution of these low paid workers. Almost 1 in 5 people work in distribution, hotels and restaurants; 27% are those with no qualifications;12.3% are disabled.
Published: 1 October 2017
One question it raised is whether people are taking appropriate advice, and if not, why not? For those considering a transfer out from DB, there is a need for better quality advice and more certainty around who is ultimately taking responsibility for it.
Published: 27 September 2017
Government’s latest efforts to prevent pensions scams through cold calling as progress is welcomed, but the fight very much continues to help protect members’ benefits. Michael De Souza, Technical and Compliance Manager at Trafalgar House.
Published: 29 August 2017
Quantum Advisory, the leading pensions, benefits and actuarial firm, today argued that the ‘crisis’ in the Defined Benefit industry is being over exaggerated. Commenting, Partner Phil Farrell.
Published: 14 August 2017
Half of companies are not personalising pension communication 97 percent of UK companies are currently experiencing significant pension inertia within their workforce, according to a study of over 100 organisations by LifeSight, Willis Towers Watson’s UK DC Master Trust. Commenting on the findings, David Bird, Head of Proposition Development at LifeSight.
Published: 10 August 2017
The Pension Regulator has released auto-enrolment commentary and analysis for the year up to 31st March 2017. From Nathan Long - Senior Pension Analyst at Hargreaves Lansdown.
Published: 3 August 2017