Smaller employers have seen their workers' participation in workplace pensions increase to 70% since the introduction of auto-enrolment, research from the Institute for Fiscal Studies (IFS) shows. The report found that without auto-enrolment, 26% of staff in...
More than a million employers have seen the minimum amount they're required to pay towards staff pensions increase from 2% to 3%, under auto-enrolment rules as of 6 April 2019. Employers are required to automatically enrol workers between the age of 22 and state...
The Department for Work and Pensions has announced new proposals to support the development of pensions dashboards, with initial industry models expected in 2019. Pensions dashboards were first proposed in 2016, and are intended to help savers with retirement planning...
People entering retirement are taking a cautious approach to accessing their pension savings, with many looking to understand the various options available to them. Aegon interviewed 250 independent financial advisers, who reported several common challenges faced by...
Pensioners have seen very little change to their income in the past eight years, according to recent statistics from the Department for Work and Pensions. The average income for individuals over state pension age was £304 per week in 2017/18, showing a slight drop...
