All the updated news related to work and pensions

All the news related to work and pensions updated in real time

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Number of people in poverty fell during first year of pandemic

The number of people in the UK living in poverty fell during the first year of the coronavirus pandemic, figures show, but experts warn that the axing of Government support and rising inflation are pushing many back over the brink. A total of 13.4 ...

31 Mar 2022 at 14:55

Personal Finance

Workplace pensions provision should be levelled up, MPs told

There should be a “levelling up” of workplace pensions provision, with minimum contributions being increased in the coming years, MPs have heard. Nigel Peaple, director of policy and advocacy at the Pension and Lifetime Savings Association (PLSA),...

23 Feb 2022 at 11:25

City

Savers will be able to see pension pots in one place under dashboard scheme

Some savers may have a four-year wait to be able to see all their pensions together online through a new dashboard scheme. Pensions dashboards allow people to access information about all their pensions in one place online. They will bring ...

31 Jan 2022 at 14:25

Single mother faces restless and ‘heartbreaking’ wait for cost-of-living payment

A single mother who has not eaten properly for two weeks and cries at night due to the cost-of-living crisis said the wait for a Government payment to ease her struggle is “heartbreaking”. More than eight million households on ...

15 Jul 2022 at 12:28

DWP told to ‘get a grip’ as unpaid carers face long waits for financial support

Unpaid carers are having to wait longer to hear whether they will be given financial support by the Government, data suggests. Department for Work and Pensions (DWP) figures also show that greater numbers of people have ...

04 Jul 2022 at 01:01

Biggest test of workplace pension savings drive yet to come, say experts

Personal Finance

Biggest test of workplace pension savings drive is yet to come, say experts

The coronavirus pandemic has not derailed the drive to encourage people to save into workplace pensions, experts have said. But they warned the “biggest test is yet to come”, with the cost-of-living crisis potentially ...

28 Jun 2022 at 17:01

Personal Finance

People could be nudged to consider work, wealth and wellbeing earlier on in life

People could be given nudges earlier in their adult lives to help their wealth and overall wellbeing, pensions and financial inclusion minister Guy Opperman has suggested. They could possibly receive prompts to ...

06 Jul 2022 at 12:17

Sunak pledges to cut VAT on energy bills under ‘winter plan’

Rishi Sunak has announced he would scrap VAT on all domestic energy bills for the next year, saving the average household £160, if he becomes prime minister. The move is part of the former chancellor’s “winter ...

26 Jul 2022 at 23:30

Personal Finance

New type of pension scheme launches in Britain

A new type of pension scheme has opened for applications in Britain. Collective defined contribution (CDC) pension schemes offer a “middle ground” option between existing schemes. With defined benefit (DB) ...

01 Aug 2022 at 01:01

UK minister said compensation for infected blood victims was mistake – inquiry

A former UK health secretary said it would be a “grave mistake” to introduce compensation payments for infected blood victims in Scotland, according to documents shown at the inquiry into the matter. On ...

28 Jul 2022 at 17:37

Scotland

Benefit applicants will not be subject to ‘degrading functional examinations’

Scots eligible for disability benefit will not be subject to “degrading functional examinations”, a minister has pledged, as applications for the new payment open on Monday. The Adult Disability ...

29 Aug 2022 at 01:01

Personal Finance

Around 850,000 households missing out on vital Pension Credit support

About 850,000 households are believed to be missing out on vital Pension Credit support, at a time when the cost-of-living crisis is hitting people on low or fixed incomes particularly hard. ...

15 Jun 2022 at 08:10

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