February 2013 Archive

Aviva: 37% of employees plan to opt out of auto-enrolment

Are you saving for a pension?

A new study by Aviva reveals that 37 per cent of employees plan to opt out of auto-enrolment and a further 28 per cent are undecided.

ONS: More men than women working beyond state pension age

More men than women are working beyond state retirement age

The Office for National Statistics reveals that more men than women and a higher proportion of self-employed workers are working beyond state retirement age.

ABI issues new guidelines for insurers on pensions and annuities

The ABI has issued new pension guidelines

The Association of British Insurers (ABI) has launched a new set of guidelines designed to ensure pension providers give people full information on their retirement options.

Pension scheme membership falls for 11th year in a row

Pensions Minister Steve Webb: "Too few people are saving for retirement"

Membership of private pension schemes is now at the lowest level since records began in 1997 and has fallen for the 11th year in a row, according to official figures.

HSBC study shows Brits live in fantasy world on retirement income

Brits are saving the lowest amount to fund their retirement

Brits are living in a fantasy world over retirement as they expect to retire promptly at 65 and carry on living comfortable without savings sufficiently for retirement.

Unemployment down to 2.5 million as record numbers in work

Employment in the UK reached a new record high in December 2012

The resilience of the UK labour market is underlined today as unemployment fell to 2.5 million and the highest number of workers are employed since records began in 1971.

HMRC told to "get a grip" on tax credit fraud and error

HMRC has been told to improve its management of the tax credit system

Margaret Hodge MP has told HMRC to get a grip on fraud and error within the tax credit system after planned savings of £1.4 billion only resulted in savings of less than £500 million.

UK sees lost decade of earnings growth as pay at 2003 levels

The real value of wages has dropped back to 2003 levels

A new report by the Office for National Statistics shows that a combination of high inflation and low wage growth means that real wages are stuck at 2003 levels.

Triple-dip possible as business confidence falls to 21-year low

A new survey suggests business confidence is at its lowest since 1992

A new survey by accountants BDO says that business confidence is at the lowest it has been in the 21-year history of the survey and is in contrast to other economic data.

Baby-boomers lead the way as self-employed numbers rise

The ONS reports a significant rise in older self-employed workers

Official statistics show that there has been a rise of 367,000 people becoming self-employed since the financial crisis of 2008 and many of these people are over 50.

Staff numbers and salaries rise adding to hope for economy

Bright signs for the jobs market

A new survey shows that recruiters are increasing the number of vacancies on offer to both permanent and temporary staff and salaries are increasing as a result.

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