Almost 2 Million Older Works Juggle Supporting Family
Sep26

Almost 2 Million Older Works Juggle Supporting Family

Over-50s with dependents say their children’s (32%) or parents’ (12%) financial needs are the only reason they’re still working But two in five (40%) are motivated to stay in work by job satisfaction and fulfilment – including more than half of over-65s Record employment beyond 50 brings new opportunities with 4 million older workers having made significant job changes and 1.4 million becoming their own boss   One in five (19%)...

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Increased fines from Pensions Regulator highlights need to audit pension schemes for mistakes
Aug09

Increased fines from Pensions Regulator highlights need to audit pension schemes for mistakes

The Pension Regulator’s latest figures on auto-enrolment for the year up to 31st March revealed that it had significantly increased its inspections on businesses and it increased its use of powers to crack down on firms whose auto-enrolment schemes were found to be non-compliant. 153 employers were issued with a CCJ in 2016/17 The Pension Regulator used its powers 50,068 times in the year, compared to only 8,812 in the previous year....

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52% of working Britons are ‘just about managing’ or worse according to latest Drewberry survey
Jul27

52% of working Britons are ‘just about managing’ or worse according to latest Drewberry survey

Drewberry’s annual Wealth & Protection Survey finds that over half of Britons are now stuck in the ‘JAM’ zone. Key findings: In a JAM: 38% of working Britons regard their finances as ‘Just about managing’, while 14% describe their finances as ‘hanging by a thread’ (or worse). Spread thin: Over 1 in 4 working Britons (26%) have £100 or less a month left after paying for basic living expenses while 44% have £200 a month or less....

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HR Managers & business owners should be ‘mindful of the pension perception gap’
Jul12

HR Managers & business owners should be ‘mindful of the pension perception gap’

New research reveals that employers are in danger of underestimating the value employees place on their workplace pension benefit. hibob, a leading cloud-based HR and benefits platform, this week released part one of its UK Employee Benefits – State of the Nation 2017 series that analyses employee and employer perceptions around pensions – and it seems that employers are getting it wrong. The research found that: 67%...

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PWC: FTSE 350 Companies’ ability to fulfil pension promises at its lowest level since the recession
Jun22

PWC: FTSE 350 Companies’ ability to fulfil pension promises at its lowest level since the recession

New research by PwC reveals the ability of FTSE 350 companies to fulfil their defined benefit (DB) pension obligations has sunk to its lowest level since the recession. PwC analysis shows that despite growth in the FTSE, the relative support companies provide to their pension schemes has weakened significantly. PwC’s Pension Support Index tracks the relationship between the financial strength of the FTSE 350 companies and the size of...

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GRiD welcomes Medical Expenses Consulting as new member
May04

GRiD welcomes Medical Expenses Consulting as new member

Employee benefits consultancy, Medical Expenses Consulting (UK) Ltd (MEC), has become the latest member to join Group Risk Development (GRiD), the industry body for the group risk protection sector. Specialising in all aspects of health, wellness and protection, MEC will have exclusive access to networking opportunities, industry speakers, research, and insight into market trends and developments. They also benefit from the recently...

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Will LISA kill pensions?
Apr13

Will LISA kill pensions?

Guest blog by David Pugh, managing partner, Lemonade Reward The recently launched Lifetime ISA (LISA) is designed to help under 40s (18-39) purchase their first home or save for retirement. While I applaud the introduction of any tax-free saving platform that rewards savers with bonuses, I am not convinced this latest addition to the ISA portfolio, is as some describe, a credible alternative to pensions.   Confusion There’s...

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Cridland Review recommends further increasing the state pension age
Mar23

Cridland Review recommends further increasing the state pension age

Today has seen the release of a Government-commissioned review by former Confederation of British Industry director general John Cridland into the state pension age. The Government has already announced plans to raise the state pension age from 65 to 66 by October 2020, and then to 67 by 2028.  Today’s report recommends that the state pension age be increased from 67 to 68 between 2037 and 2039  and also recommends abandoning...

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