Pension transfer delays persist as industry struggles to improve efficiency, finds PensionBee
In 2024, research revealed that the average transfer time among providers that transferred pensions to PensionBee was 22.4 days.
Half of under 35s worried they will lose their job in the next 12 months, study finds
Data from Best Insurance revealed one in four adults (26%) were concerned they will lose their job in the next year.
12 million pensioners could face higher tax bills as State Pension increases, warns Royal London
The boost, driven by the ‘triple lock’ mechanism, will bring the full State Pension to £12,014 per year, edging it closer to the tax-free threshold of £12,570.
Only 15% know that pensioners get more out of a state pension than they pay in, study finds
The study by YouGov found that 43% of people believed that an average pensioner retiring today will get less from their state pension than they paid in.
Work coach shortage leads DWP to reduce support for Universal Credit claimants
To help manage the shortfall, the DWP has prioritised supporting claimants in the Intensive Work Search category, according to the NAO.
Swansea Building Society celebrates long-serving employee’s 35-year milestone
Keane who joined the society in 1990, has witnessed the society's evolution from a small organisation with a single office to the institution it is today.
Women could lose £12,554 in pension savings due to maternity leave contribution gaps
Some women could be left with a £12,554 shortfall in pension wealth if employers mistakenly reduce their contributions based on statutory maternity pay, rather than their full salary.
Pension participation booms under auto-enrolment but gaps remain
According to the DWP, the proportion of employees enrolled in a pension scheme has climbed from 53% in 2013–14 to 79% in 2023–24, an increase of 26%.
Organisations set to increase AI investment by more than 25% in 2025
According to data from Freshworks, only 4% of UK organisations plan to reduce their AI investment this year.
Only 40% of SMEs feel prioritised by current Government, finds Shawbrook
Neil Rudge, chief banking officer, commercial at Shawbrook, said: “Our latest research highlights the key concerns facing SMEs in navigating the current economic landscape."
65% of employees considering job moves as workplace expectations shift – Aon
The study from Aon painted a picture of a workforce increasingly in flux, prioritising benefits and compensation fairness in their employment decisions.
Spring Statement 2025: Chancellor boosts defence spending and job creation
The increased defence technology spending aims to create demand for highly skilled engineers and scientists across the UK.
