PENSIONSANDSAVINGS.COM

21 July 2017 Who will help sort out this auto-enrolment pension scandal? Low earners losing money but don’t know it yet I want to highlight a major pensions injustice concerning employers who choose an auto-enrolment scheme administered on a net pay basis. Such schemes cannot add the 25 per cent bonus of tax relief to contributions of workers earning less than £11,500 a year from the employer. Auto-enrolling these employees – mostly women – into a net pay scheme forces…

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30 October 2014 Pension scheme membership increases as auto-enrolment starts to have an impact First increase in pension scheme membership in private sector this century – but public sector workers remain the pensions aristocracy 2013 saw 200,000 extra public sector workers saving in pension compared with 100,000 more in private sector Still need to address low pension coverage for private sector women (only 30% contribute) and the self-employed (only 22%) New pension freedoms may start to increase self-employed interest in…

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20 May 2014 New Budget flexibilities dramatically increase appeal of pensions auto-enrolment Opt out rates should fall significantly ‘Buy-one-get-one-free’ deal too good to miss for most The Pensions Policy Institute has today published new research highlighting that auto-enrolment is now far more attractive than previously expected. Opting out of auto-enrolment is turning down free money:  Even for older workers, who were the group least likely to benefit from staying in their employer’s scheme, the flexibilities introduced to pension savings in…

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