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now:pensions highlights the importance of financial education on International Day of Education
now:pensions stresses the need for financial education to promote better money management and reduce the gender pensions gap.
Pensions & Retirement
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DWP statistics reveal 13% pensioners are in poverty
The percentage of single pensioner benefit units in low resources rose by one percentage point to 18%.
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DWP retains auto-enrolment thresholds for 2025/26
The DWP issued its review of the Automatic Enrolment Earnings Trigger and Qualifying Earnings Band for 2025/26.
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78% of Irish employers have mandatory retirement policies, survey finds
Only 10% of employers were found to have trained their staff on age inclusion, or how to lead the five generations now engaged in the workforce.
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Council-owned company employees paid less than town hall staff, says UNISON
Thousands of workers employed by council-owned trading companies are paid less and receive inferior pensions than town hall staff.
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Unite hosts meeting at Stormont as part of campaign to restore Winter Fuel Payment
The meeting will include updates on the Winter Fuel Payment changes, the equality impact assessment, and the Fuel Poverty Strategy.
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Improving finances could help tackle ‘Blue Monday’ – Unbiased
Blue Monday typically falls on the third Monday of the year, in this case 20th January.
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Strathclyde University staff strike over pensions
The University of Strathclyde proposed moving existing and future staff into a different superannuation scheme.
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Ex-army serviceman misses out on payments due to DWP communication failures
Adrian Furnival learned in 2018 through an annual statement from DWP that his Adult Dependency Increase payments would stop in 2020.
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Half take pension lump sum at 55 just ‘because they can’, research reveals
New research from Legal & General revealed that 21% people withdrew a cash lump sum from their pension pot as soon as they turned 55.
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BMA calls out NHSBSA for doctors’ pension statement errors
The BMA is calling on the NHS Business Services Authority (NHSBSA) to urgently rectify errors in doctors’ pensions savings statements.
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‘Micro-retirement’ could boost long-term pension savings, says Standard Life
Standard Life’s Retirement Voice 2024 study found that many Brits hoped to retire by age 62.