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SAVING 1% MORE COULD BOOST PENSION BY 25%

Employee Benefits

However, many don’t realise the significant difference a small increase to their pension savings can make. For example, someone in their 20s, saving an extra 1% a year with their employer matching this, may be able to increase their pension pot in retirement by 25%. They are all 25 years old and plan to retire at age 68.

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Choosing the best workplace pension for your business

Employee Benefits

Transitioning to a superior provider is no longer a hassle: If you’re contemplating changing your current workplace pension scheme, the process isn’t as challenging as you might think. Many pension companies (we’re one of them!) What is a workplace pension? are prepared to assist you with the heavy lifting.

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Currys increases salary for 10,000 staff and boosts minimum pay rates

Employee Benefits

Credit: bennphoto / Shutterstock.com Retailer Currys is increasing pay for its approximately 10,000 hourly-paid employees as part of an investment into their pay. The retailer has additionally increased minimum pay rates , which will rise to ÂŁ11.50 Over the past three years, Currys has increased its minimum hourly pay by 29%.

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5 Reasons your workplace pension plan may be undermining your business (and why you should review it)

Employee Benefits

You’ve got a company pension scheme in place, so what would prompt you to change it? However, there’s a strong reason to do so: your business and employees may be at risk if you don’t take action. Additionally, shifting to a modern digital pension provider is surprisingly straightforward.

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The benefits offered by Wave

Employee Benefits

The benefits on offer at Wave: Pension A master trust pension scheme for all employees. Employees can contribute as much as they wish as long as it does not take their take-home pay below the minimum wage. Two years paid at half salary at time of acceptance. Age limits are 16 to state pension age.

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PoloWorks to roll out new benefits technology

Employee Benefits

In addition, the data available through the platform will provide an insight into benefits usage, ultimately, enabling the organisation to take steps to increase engagement. The platform, which is provided by Zest, will be rolled out in November.

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Why Your Employees May Not Achieve a Comfortable Retirement

Employee Benefits

As an employer, you’re obliged to provide your staff with a workplace pension – a mandate made compulsory by the UK government in 2012. Unfortunately, a considerable number of employees adopt a ‘set and forget’ approach once they’re enrolled in a pension scheme. So, why not ensure it delivers real value?

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