Many members of workplace pension schemes are losing out on thousands of pounds due to variations in provider fees, according to a new comparison index. Differences in pension default funds also give rise to significant inequalities.
UK workers have lost track of up to 1.6 million workplace pension pots, according to the latest estimates. A lack of understanding of how to manage pension savings could result in many people being substantially worse off in retirement.
You have a steady income, you haven’t much debt, you control your spending and you don’t gamble. But are you still taking a huge risk? Becky Sugden, chartered financial planner at Gresham Wealth Management, reveals the invisible threat to your long-term financial security.
They say 'Don't ignore the workplace pension' - but that's exactly what many self-employed people are doing. If you are your own boss, saving into a pension is easy to forget about - but if anything, it's even more important to remember.
Have you seen Workie? We think he’s rather sweet. But love him or loathe him, there’s no ignoring the monster in the room: the need for everyone to start a pension as soon as possible. Why the hurry? Here’s why. He’s been called everything from ‘psychedelic Honey Monster’ to simply ‘childish’, but ‘forgettable’ isn’t on
The government introduced automatic enrolment in workplace pensions to ensure that everyone in employment gets a chance to save for retirement. But here are some of the reasons why you might still say no to a workplace pension. You misheard the question No, the boss wasn’t asking if you wanted tomato in your roll. She was
Currently, in the UK, we’re in the middle of the biggest change in retirement saving rules for many many years. A change which will impact every employer and every employee across the country. A change which is already impacting millions of employees and thousands of employers. Although you might be fully up to date with
We take a look at the Auto-enrolment scheme two years in, and do retiree’s really know the true cost of retirement? Auto-enrolment: the two year itch Auto-enrolment is a government initiative to kick start a savings culture in Britain and encourage the public to save for their retirement. By 2018, all employers in the UK
The Auto Enrolment rules mean that eligible employees should be automatically enrolled into your pension scheme without any barriers to entry AND without having to make any decision whatsoever! The employee’s only decision is whether to opt-out or continue with pension membership. This places the responsibility squarely on the shoulders of the employers on many
Our very own Clare Kissane gives us an update on what auto-enrolment means to us and how she has been navigating her way through the changes. My original plan was to talk to other small businesses that we know well to find out how they are approaching auto enrolment, to see if I could learn
New pension rules came into effect in April 2014. Here are three things you must know pre-retirement to make sure you don’t lose money from your pension pot.
From 2018 all employers will need to contribute at least 3 per cent of your salary to your pension. Don’t opt out, this is essentially free money for your future.