Company Pension
OFT to probe new auto-enrolment company pension schemesAuto-enrolment is gradually being introduced, increasing the number of people using company pension schemes, so the OFT is launching a study to protect savers. |
Auto-enrolment is here: How will it affect you?Auto-enrolment started this week, initially only for employers with more than 120,000 employees but it will be gradually rolled out to almost all employers by 2018. |
Can auto-enrolment transform the UK pensions landscape?Auto-enrolment begins on Monday 1st October 2012. It will be gradually introduced over five years and is designed to encourage employees to save for their retirement. |
Pru research shows 80% don't know value of their pension potsResearch by the Prudential reveals that 80 per cent of people do not know how much they have saved for retirement and have not transferred old pensions to new employers. |
Company pension enrolments fall below 50 per centNew official data from the Office for National Statistics (ONS) shows membership of company pension schemes has dropped to just 48 per cent, the lowest since records began in 1997. |
Pension saving in the UK falls to lowest level for 12 yearsJust 38 per cent of UK workers are saving into a private pension, the lowest level since 1999 as high inflation and low wage rises put the squeeze on spare money. |
UK pension contributions stay at 12% of salary says NAPFThe annual report from the National Association of Pension Funds (NAPF) says that final-salary pension schemes are closing at an increased rate but overall contributions are stable. |
Government could delay auto-enrolment pension reformsThe government is considering delaying the introduction of auto-enrolment in October 2012 as the economy is so weak employers and employees can't afford it at the moment. |
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