A petition signed by 76,972 signatories this summer called on the chancellor for a lower pension age to decrease eligibility from 66 to 60 years for both men and women. The petition argued that the state pension age should be lowered to 60 with “imminent effect” due to the impacts of the pandemic on the jobs market. It also argues that this is necessary to...
What is the Auto Enrolment Pension? In 2012, the last Coalition Government introduced a new form of pension regulation. The new legislation forced every workplace to offer a pension scheme and, crucially, to create a pathway for automatic enrolment for all eligible workers within that organisation. The scheme was launched with large employers in mind back in 2012. However, a change to the legislation has...
A little bit of background on the Pension Scheme… In 2012, the UK Government introduced a new law which made it mandatory for all employers to provide a workplace pension scheme and furthermore to automatically enrol employees who are eligible into the scheme. The scheme was rolled out in 2012/13 with blue chip corporations in mind. However, by 2018, the scheme will be mandatory for...
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