Younger workers save 10% of wages to pension, twice as much as older employees – Royal London
The younger age group is more likely to be taking advantage of employer-matching contributions (51%) compared to those aged 50 and above (38%).
Should the UK adopt South Africa’s ‘two-pot’ retirement savings system?
Inflation and the subsequent cost-of-living crisis have pushed millions of UK citizens to the brink of financial crisis.
Women have £60 in pensions for every £100 saved by men at 55, menopause key factor – Royal London
Ahead of World Menopause Day, Clare Moffat commented on the impact on women’s working lives, and the implications for their pension.
Majority back regulated introduction of targeted retirement support, finds Aegon
These findings come as the Government and Financial Conduct Authority (FCA) consult on plans for regulated firms to provide 'targeted support'.
Budget shake-up could negatively affect pension planning – Hargreaves Lansdown
Tax-free cash was reduced to a maximum of £268,275 by the last Government, prompting further speculation as to whether it would be eroded further in future.
Bravura selected by West Yorkshire Pension Fund to connect to Pensions Dashboard
This will enable more than 400,000 members to find and view their WYPF-administered pensions when pensions dashboards are available to the public.
WTW proposes replacement options for ‘broken’ DC pensions
The firm proposed four ways of replacing DC pensions with designs that could help employees achieve better outcomes.
Third of self-employed have less than £1,000 in savings, finds interactive investor
90% of self-employed workers aged 55 and over were off track for a moderately comfortable retirement.
Royal Mail launches UK’s first collective defined contribution pension scheme
The scheme will offer more than 100,000 Royal Mail employees a cash lump sum and an income in retirement.
Government to fast-track plans to boost access to CDC pensions
CDC pension schemes, first introduced to the UK in 2022, enable savers to pool their money into a single fund to share investment risk and longevity risk.
Pre-Budget speculation “chips away at people’s confidence in pensions” – AJ Bell
Michael Summersgill urged the Chancellor to use her first Budget to commit to long-term stability in the pension tax system.
The Gender Pension Gap: How to overcome it -Royal London
Royal London’s research into workers’ retirement savings habits shows that pension contributions differ significantly by age, job type, and income. The one consistent is that the gender pension gap impacts women at every stage of their career, leaving them worse off in retirement.
