The Royal Bank of Scotland has become the first UK company to auto-enrol its workforce under the government’s requirements, with 40% of newly enrolled members choosing to opt out.
RBS already operates a form of auto-enrolment for its workforce where employees are given an additional 15% of salary for its flexible benefits package. Four percentage points of this is automatically...
The requirement to equalise guaranteed minimum pensions (GMPs) may never come to fruition under Brexit but schemes should not be complacent, according to Geraldine Brassett.
Pension experts have blasted auto-enrolment (AE) as “a glorified ISA” and "pointless scheme", warning savers will not get a decent retirement pot.
The pensions minister has said investing in growth boosting and social projects could be part of a solution for deficit-ridden schemes struggling with falling gilt yields.
The Labour party will work to ensure the fallout from Brexit does not undermine the sustainability of the UK’s economy and pensions system according to Angela Rayner.