How employees can boost their pension pot by 25% by saving just 1% more

How employees can boost their pension pot by 25% by saving just 1% more

13th April 2021

Many employees are already paying 5% of their salary into their workplace pension through auto-enrolment, with an additional 3% employer contribution...

Key areas employees should understand if they are made redundant.

Key areas employees should understand if they are made redundant.

26th March 2021

WEALTH at work have provided an overview of some of the key areas that employees will need to understand if they are made redundant.

Are pensions a good option to fulfil a short-term cash need?

Are pensions a good option to fulfil a short-term cash need?

18th March 2021

Last year there were many scheme members who accessed their pension for the first time than perhaps would have in normal times. In fact, HMRC figures indicated a surge in early pension withdrawals in the over 55s, which is thought to be due to pressure on household income caused by the pandemic.

Tackling financial wellbeing in the workplace webinar with Hyde Housing.

Tackling financial wellbeing in the workplace webinar with Hyde Housing.

17th March 2021

Covid-19 has brought on many money worries which has had a direct effect on employee financial wellbeing, with many feeling greater levels of anxiety.

WEALTH at work launch the Financial Healthcheck to help employees achieve their financial goals.

WEALTH at work launch the Financial Healthcheck to help employees achieve their financial goals.

15th February 2021

In recognition of the demand on employers to support employees during the pandemic and beyond, WEALTH at work have launched a new online platform called the ‘Financial Healthcheck’.

Protecting the financial wellbeing of employees during the pandemic and beyond.

Protecting the financial wellbeing of employees during the pandemic and beyond.

11th February 2021

At times like these – when many households are surviving on a reduced income due to a reduction in salary or redundancy -– the need to protect employee financial wellbeing has never been more important.

As pension withdrawal rates increase, members need to be aware of the pitfalls of early pension access.

As pension withdrawal rates increase, members need to be aware of the pitfalls of early pension access.

9th February 2021

Latest figures from HMRC have revealed that 360,000 people withdrew from their defined contribution pensions throughout October, November and December 2020 which is a 10% increase on the same period last year.

Pension scams rife almost one year on from when Covid-19 first struck.

Pension scams rife almost one year on from when Covid-19 first struck.

4th February 2021

These uncertain times are often seen as a window of opportunity for scammers looking to prey on vulnerable individuals, with a recent report by Action Fraud finding that pension scams had become one of the most common types of fraud to occur last year. In fact, the FCA opened 24% more pension scam cases last year than in 2019.

How to help members avoid the pension pitfalls in 2021.

How to help members avoid the pension pitfalls in 2021.

3rd February 2021

2020 was certainly one of the most turbulent years on record and led to many more scheme members accessing their pension for the first time than perhaps would have in normal times.

Pension withdrawals continue to rise during the pandemic.

Pension withdrawals continue to rise during the pandemic.

1st February 2021

New figures from HMRC show 360,000 people withdrew from their defined contribution (DC) pensions throughout October, November and December 2020. This is a 10% increase on the same period last year from 327,000, and a 4% rise compared to the previous three months.

New Year financial resolutions for uncertain times.

New Year financial resolutions for uncertain times.

1st February 2021

The New Year is a great time to take control of your finances. Unfortunately, the income of many households across the UK has been seriously impacted by the pandemic, with many people having been made redundant and others having to manage on a reduced income.

Employees facing redundancy need support to make the most of their finances.

Employees facing redundancy need support to make the most of their finances.

28th January 2021

Latest reports from The Office for National Statistics have indicated that Covid-19 is continuing to drive job losses across the UK. It found that for September to November 2020 the estimated UK unemployment rate for all people rose to 5%.

New rules at retirement mean employees need to look closely at what their pension provider is offering.

New rules at retirement mean employees need to look closely at what their pension provider is offering.

18th January 2021

New pension rules will come into force from the 1st February for those approaching retirement under FCA (Financial Conduct Authority) regulation. These new regulations are designed to protect consumers who do not take regulated financial advice...

Top 10 tips for employees retiring in 2021.

Top 10 tips for employees retiring in 2021.

6th January 2021

Retirement plans for 2021 have changed for many due to the pandemic. Whilst some have decided to put their retirement on hold due to their savings taking a hit because of Covid-19, others are deciding to retire early after being discouraged about finding employment again when faced with redundancy.

What Trustees need to do to protect members from pension scams.

What Trustees need to do to protect members from pension scams.

15th December 2020

Unfortunately scammers often see turbulent times like these, when people are concerned and vulnerable, as an opportunity.

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