Financial benefits

UK pay rises “stagnated” in the third quarter of 2024, remaining at 4 percent, while forecasts for 2025 point to lower pay awards of 3 percent, data from Brightmine...

Research has found that 18 percent of employers fail to encourage workers to use their employee benefits. These employers leave it to employees to initiate the use of benefits...

Almost one in five (19 percent) employees do not know how much they or their employer are paying into their pension, a survey has found. This lack of awareness...

Standard Life has appointed Alexa Mitterhuber to its defined benefit pension (DB) de-risking team as director of DB solutions.  DB pension plans promise employees a specific retirement income, often...

Employers may be required to name a dedicated executive that is responsible for staff retirement outcomes, a treasury consultation has said. The government has raised concerns that workplace pensions...

Pension providers Aegon UK and Natwest Cushon are backing the government’s British Growth Partnership (BGP) to give workplace savers access to innovative investment opportunities that could boost pension pots....

The treasury has unveiled plans to boost pension pots for savers and potentially unlock billions in investment by dramatically reshaping the UK’s pensions landscape. Under the reforms, “pension megafunds”...

Employers have been urged to review pay and conditions for ‘green jobs’ as older workers remain reluctant to join a sector crying out for experience and skills. A report...

Women retire with £100,000 less than men, on average, while two fifths of women (42 percent) are currently on track to face poverty in retirement compared to just over...

Rules that will govern how pensions dashboards are run have been published by the Financial Conduct Authority (FCA). The rules, which apply specifically to firms operating commercial pensions dashboards,...