UK Workplace Pension Participation Surges to Record High
Auto enrollment helps portion of workers with pensions rise to 73% from 47% in five years.
Tag: UK
TPR to Seize Assets of Employers Ignoring Pension Fines
High Court enforcement officers will be used to force delinquent companies to pay up.
Tax Collected from Lifetime Pension Allowance Soars 1000%
Government windfall rises to £110 million from £10 million in 10 years.
European Commission Says More Needs to Be Done to Ensure Adequate Pensions
Report cites progress made, but says more work needed on closing gender gap.
Pensions Regulator in Talks with Sainsbury’s over Asda Merger
Sainsbury CEO says proposed £7.3 billion merger ‘strengthens’ pension covenant.
UK Corporate Pension Funding Levels Nearing 100%
Consultant JLT suggests plans de-risk following monetary policy discussions, regulator warnings.
UK Report Finds £29,000 State Pension Gender Gap
Men receive an average of £153.86 a week, compared to £125.98 for women
Newsmakers
Royal Bank of Scotland to Make $5 Billion in Pension Contributions
CFO calls decision an ‘an important milestone.’
Report: 38% of UK Workers Can’t Afford Pensions
Survey also finds 16% will opt out due to recent mandatory contribution increases.
UK Proposes Default Drawdown Options for Retirees
Parliamentary recommendation aimed at protecting the ‘less engaged.’
UK Employers Support Pension Contribution Increase
Report also shows that the majority of employers are upholding auto-enrollment duties.
UK Workplace Pension Membership Rises in 2017
The largest increase in pension take-up was seen among Millennials.
FCA Proposes Pension Risk Transfer Changes
Watchdog considering banning ‘contingent charging.’
UK Proposes Increasing Pension Watchdog’s Powers
Government white paper suggests giving The Pensions Regulator (TPR) the ability to levy ‘punitive fines.’
Crest Healthcare Admits Shirking Pension Requirements
Firm and managing director plead guilty to misleading The Pensions Regulator.