Monthly Archives February 2017

£47,000 shortfall in employer pension contributions for women

£47,000 shortfall in employer pension contributions for women Employers are contributing less to women’s pensions than men: a result of the gender pay gap, career breaks for women and men working in larger businesses This could result in a £47,000 shortfall for women by the end of their working life Since 2013, women have received, on average, 1% of their salary less in employer pension contributions each year when compared to men The inaugural Zurich Workplace Savings Barometer analysed over 250,000 pension plans. London, 22 February 2017 – There is a ‘gap’ between the amount that men and women receive
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Categories: News.

More than 7 million workers now auto-enrolled – Pension Regulator

More than 7 million workers now auto-enrolled – Pension Regulator  700,000 small employers due to stage in 2017 The number of new people saving for retirement as a result of auto-enrolment has passed the seven million-mark, the latest monthly figures from the Pension Regulator have shown. According to the declaration of compliance report for November, a total of 341,495 employers have declared their auto-enrolment compliance, which accounts for 23.5 million workers. Of these, 7,050,000 have now been auto-enrolled while 9,806,000 were already active members of a qualifying scheme. The remaining 6,290,000 have no workplace-related pension. The Pension Regulator also indicated
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Categories: News.