In October 2012, the UK saw the introduction of auto-enrolment, which was a huge shake-up for workplace pensions. This changed the way employees are joined to a workplace pension and also made it compulsory for employers to provide a qualifying workplace scheme and pay into their employees’ pensions (assuming they meet certain criteria). To a [...]
Bramwell Towse, Director of Corporate Solutions at Wren Sterling, describes what he has seen in the market as employers consider the suitability of their scheme at the triennial re-enrolment point The triennial re-enrolment of auto enrolment schemes is naturally leading to employers questioning the scheme that was put in place first time around. For the [...]
It can be hard to keep track of multiple pensions, especially if you can’t remember who the scheme is with and when you paid into it. You might consider pension consolidation, a process that allows you to pull all the strands of your retirement savings together into one manageable pot.
Auto enrolment celebrated its fourth birthday in 2016. It was created to make sure Britons save enough money to fund their retirements with tax savings to be made along the way. Importantly for many, it means capitalising on employer contributions to boost their retirement pots. 2016 has seen many smaller employers ‘stage’ (the point where [...]