All the updated news related to workplace pensions

All the news related to workplace pensions updated in real time

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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

Personal Finance

New campaign will help bring retirement savings into everyday conversations

Millions of savers will be helped to get to know their pensions better – and perhaps build a bigger retirement pot – with a new awareness campaign launching later this year. Only one in five (20%) people feels confident they are saving enough for ...

05 Apr 2022 at 12:25

Personal Finance

Workplace pensions action plan needed for next decade, says ABI

Minimum contributions into workplace pensions should be gradually increased over the next decade and access to schemes should be widened, a body representing insurers has urged. Automatic enrolment into workplace pensions started nearly 10 years ...

21 Jun 2022 at 15:04

Personal Finance

About 54% of households not saving enough for retirement, MPs told

More than half of households are not saving enough to maintain their living standards in retirement, a committee of MPs has heard. Giving evidence to the Work and Pensions Committee about where automatic enrolment into workplace pensions needs ...

27 Apr 2022 at 12:25

Pensions shake-up could give employees option to pick ‘pot for life’ – reports

Pensions could become more like a bank account, into which different employers have to pay, an expert has suggested, following reports that a shake-up is set to be unveiled in the autumn statement. Measures could be outlined in a call for ...

21 Nov 2023 at 11:54

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 increasing the risk ...

28 Jun 2022 at 17:01

Personal Finance

Help for savers with multiple small pension pots under consideration by DWP

Options to help workers to achieve better retirement outcomes, including those with several small pension pots scattered around, are being looked into by the Government. With the average worker having around 11 jobs over the course of ...

30 Jan 2023 at 16:18

Personal Finance

Pension schemes to be rated red, amber or green in plans to improve transparency

A new traffic light-style rating system for workplace pension schemes could improve transparency over their performance and ultimately lead to better value for savers, according to the Government and regulators. The plans aim to ...

08 Aug 2024 at 10:58

Personal Finance

Plans to ‘modernise pensions market’ set out by Government

Plans to broaden access to a new type of pension scheme allowing savings to be pooled have been set out by the Government. Collective defined contribution (CDC) pension schemes have the potential to deliver reliable returns for ...

08 Oct 2024 at 11:33

Labour pledges to retain triple lock and undertake pensions review

Labour’s pledge to retain the triple lock is “sensible in terms of winning votes”, but the continuation of the policy is “fraught with problems”, according to a pensions expert. The triple lock guarantees the state pension ...

13 Jun 2024 at 14:37

Personal Finance

Awareness of Sharia-compliant pension options should be increased, says IFS

More should be done to raise awareness of Sharia-compliant retirement savings schemes among Muslim employees, according to the Institute for Fiscal Studies (IFS), which highlighted pension opt-out gaps among workers from ...

23 Jan 2025 at 00:01

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cost of living
pension and lifetime savings association
politics
retirement
work and pensions committee
workplace pensions

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