Life events like marriages and holidays require planning to ensure you get what you expect from them: your retirement is no exception. Retirement is a journey – start out by plotting what you want your destination to be so you…
According to a recent report by The People’s Pension, the gender pension gap in the UK is twice the gender pay gap. I had a sneak preview of research done by NOW: Pensions and the Pensions Policy Institute (PPI) where…
We know that the gender pension gap is already large at the time of retiring, but it will increase further as many women are destined to outlive both their partner and their pension savings. This is one of the consequences…
Sign our petition to help us stop nearly 2m of the lowest earners across the UK missing out on a tax top up from the government. We’ve previously spoken about a loophole whereby, depending on which type of scheme pension…
We often hear about growing income gaps in our society. But there is one particular income gap that is not talked about quite so much – the income gap between you and your future self. The word pension is, at…
In life, choice is generally considered a good thing. But, when it comes to auto enrolment, offering investment choice can end up adding no value and driving up cost for members. When the NOW: Pensions Trust was launched in 2011,…
On 6 April, the official roll out of automatic enrolment came to an end when minimum contributions increased from 5% to 8% of qualifying earnings. Thanks to auto enrolment, more than 10 million people have begun to save for their…
In the week that we saw the Spice Girls headlining at Wembley Stadium, new figures were released by the Department for Work and Pensions (DWP) revealing that, a staggering 87% of people were saving into a workplace pension in 2018.…
What was the greatest comeback this season? Was it Frank Lampard’s Derby, who saw off Marcelo Bielsa’s Leeds and became the first team ever to overturn a home defeat in the first leg of a Championship play-off semi-final and go…
Gender pay gap reporting has helped to shine a light on the disparity between men and women’s pay. But, the gender pensions gap is often overlooked. According to the Wealth & Assets Survey, over a million women in their 50s…
With so much change in the pensions industry it can be tough to sort fiction from fact. Here we’ve debunked some of the most common myths. 1. It’s not worth having a workplace pension Not true! Most people receive more…
Earlier this week the Department for Work and Pensions announced that since the introduction of automatic enrolment in 2012, 10 million people have been auto enrolled. Hitting 10 million auto enrolled is a huge milestone and it’s certainly a cause…
Thanks to auto enrolment, nearly 10 million more people are saving for their retirement – a huge achievement. But, auto enrolment minimum contributions may not be enough for most people to be sure of a comfortable retirement. Unfortunately, this is…
Sterling seems to have been in the middle of a storm for some years now. It has depreciated to such an extent that for a lot of investors, the currency exchange rate has been the single biggest contributor to investment…
Just before Christmas, the government renewed its commitment to launching a pensions dashboard. After some uncertainty about whether the project would get the green light, the feasibility study and industry consultation published by the DWP received a warm welcome from…
Knapton Wright is a social media marketing consultancy in Lincolnshire formed by Alex and Louise Wright in 2014. It evolved over the past four years into a creative marketing agency, working with SMEs locally, regionally and nationally, with a handful…
Shall I compare thee to a summer’s day? Thou art more lovely and more temperate. Rough winds do shake the darling buds of May, And summer’s lease hath all too short a date. …
As a business owner, you’re no doubt aware that low employee productivity levels, absenteeism and high attrition rates have a direct effect on your company’s bottom line. And if you have a relatively high rate of attrition or underproductivity at…
How often do we read about futurologists, economists, or even weather forecasters who got their predictions wrong? They tend to be forgotten. There is always an exception, for instance Michael Fish who, on the evening of 15th October 1987, calmly…
In April, auto enrolment minimum contributions increased from 2% of qualifying earnings to 5% as part of the phased roll out of the policy. For auto enrolled savers paying in the minimum each month, this meant that their contributions tripled…
When it comes to saving for retirement, it’s very easy to put it off. After all, there’s plenty of time, right? The simple truth is, the earlier you start saving for retirement the better as your money has more time…
Data published by The Pensions Regulator has shown that almost 10 million people have been auto enrolled since the scheme began in 2012. But, despite this encouraging headline figure, over nine million people have been excluded. This figure has risen…
When NOW: Pensions entered the UK market in 2011 we spent a lot of time thinking about how to structure our member charges so that they are simple, transparent and above all equitable. Most pension providers charge a flat annual…
Troy Clutterbuck, CEO, NOW: Pensions Earlier this month the Office for National Statistics published its annual Occupational Pension Schemes Survey. The good news is that the figures prove that auto enrolment is delivering on its promise of getting more people…
Over the winter, all master trusts who wish to continue operating in the UK are going to be submitting applications to The Pensions Regulator (TPR) for authorisation. This new regulatory regime is something NOW: Pensions has long campaigned for and…
NOW: Pensions Assets under management have just burst through the £750 million mark. The next milestone will be the beautifully rounded £1 billion. It seems only yesterday that we were celebrating reaching £100 million, although that was over three years…
Earlier this week PensionBee published its “Robin Hood Index” which suggested that NOW: Pensions was one of the most expensive pension providers. The calculations they cited are inaccurate and misleading as they are based on 92 people with very small…
The news reported in The Times that ministers are thinking of scrapping the pensions dashboard was met with collective horror by the pensions industry, consumer groups and savers. A petition urging the government to stick to its promise of launching…
In life, choice is generally considered a good thing. But, when it comes to the auto enrolment market, offering investment choice can end up adding no value and driving up cost for members. Auto enrolled savers are, by their very…
We look at what the potential retirement savings of an England fan versus an England footballer. An employee aged 22, earning an average £28,500 a year who started their workplace pension via auto enrolment should expect to accrue a retirement…
